WSM - Williams-Sonoma Analysts Boost Their Forecasts After Upbeat Q4 Earnings | Benzinga
Williams-Sonoma, Inc. (NYSE: WSM) posted better-than-expected earnings for its fourth quarter on Wednesday.
Williams-Sonoma posted quarterly earnings of $5.44 per share, beating market estimates of $5.12 per share. The company’s quarterly sales came in at $2.28 billion versus expectations of $2.23 billion, according to data from Benzinga Pro.
Comparable brand revenue for the quarter declined 6.8%. Gross margin expanded 480 basis points to 46%, and the gross profit rose 3.8% to $1.04 billion.
William-Sonoma’s Board of Directors has authorized a 26% increase in the company’s quarterly cash dividend to $1.13 per common share. The quarterly dividend is payable on May 24, 2024, to ...