Williams-Sonoma Preview: What Wall Street's Saying
Analysts, as tallied by Thomson Reuters, expect Williams Sonoma to post second-quarter earnings of 53 cents a share, up 9% from the year-earlier period. Revenue is expected to rise 7% to $1.047 billion. Same store sales are expected to rise by 6.2%, according to Consensus Metrix, fueled by strong gains in its Pottery Barn and West Elm brands.
Besides its flagship Williams-Sonoma brand, which sells kitchen gadgets, cookware and gourmet foods, it is the parent company to the ever-popular Pottery Barn group of brands and West Elm, both of which cater to upper middle-class homeowners and home decorating enthusiasts. On top of that, the company has smaller extension brands such as Rejuvenation and Mark and Graham.
Williams-Sonoma is one of few retail brands that seems to be hitting on all cylinders when it comes to e-commerce. The company noted in its annual filing with the Securities and Exchange Commission that for fiscal 2013, e-commerce revenue rose 17.7% over the 12-month period compared to 4.6% for retail store revenue growth. The company said total revenue rose 8.5% to $4.39 billion last year.
Williams-Sonoma shares are up 28% this year compared to an 8% gain by the S&P 500. Here's what Wall Street analysts are saying ahead of earnings: