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Williams-Sonoma Shares Up 6% on Q1 Beat, 2022 Outlook In Line With Long-Term Estimates -Breaking


© Reuters. Williams-Sonoma Stocks Rise 6% Q1 Beat; 2022 Outlook in Line with Long-Term Estimates

Williams-Sonoma (NYSE:) shares were trading around 6% higher after-hours following the company’s reported Q1 results, with EPS of $3.50 coming in better than the consensus estimate of $2.88.

Revenue was $1.89 Billion, which is compared with the consensus estimate at $1.8 Billion. Comparable brand revenue growth was 9.5% over the past year, with Pottery Barn growing by 14.6% and West Elm growing at 12.8%.

The company presented its outlook for 2022, expecting that the results will be consistent with its long term mid-to high single digit annual net revenues growth estimate. Revenues are expected to rise to $10 Billion by 2024. Operating margins should remain relatively similar to 2021.

Williams-Sonoma shares are at 32% lower year-to-date

By Davit Kirakosyan

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