2024-07-27 06:15:16 ET
Summary
- Williams-Sonoma's stock has doubled over the past year, but does not appear overvalued.
- Near term prospects could be challenging due to sluggish housing market conditions, however structural demand trends spur activity longer term.
- Business model positions them well to profitably capture share in a fragmented market. International expansion, B2B could further support growth.
- Supply chain investments have driven margin expansion and more development projects are in the works which could support further profitability improvements.
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Williams-Sonoma: Positive Prospects