Welcome to our dedicated page for Williams-Sonoma news (Ticker: WSM), a resource for investors and traders seeking the latest updates and insights on Williams-Sonoma stock.
Williams-Sonoma, Inc. (WSM) is a leading specialty retailer in the United States, founded in 1956. The company offers high-quality products for the kitchen and home through its well-known brands such as Williams-Sonoma, Pottery Barn, Pottery Barn Kids, PBteen, West Elm, Williams-Sonoma Home, Rejuvenation, and Mark and Graham. These brands are respected for their beautifully designed, functional, and stylish products across various home areas, including the kitchen, living room, bedroom, home office, closet, laundry room, and outdoor spaces.
With a robust retail and direct-to-consumer presence, Williams-Sonoma operates in a $300 billion domestic home category and a $450 billion international home market. The company is actively expanding its footprint in the B2B sector, marketplace, and franchise areas. Williams-Sonoma has a notable presence with 156 Williams-Sonoma stores, 184 Pottery Barn stores, 45 Pottery Barn Kids stores, 121 West Elm stores, and 11 Rejuvenation stores. The company's diverse product range and dedication to high-quality customer service have positioned it as a multi-brand, multi-channel global enterprise, supported by advanced technology and skilled teams.
Williams-Sonoma recently announced its 2024 partners for the World's Strongest Man competition, returning to Myrtle Beach, South Carolina. The event will showcase top athletes and involve partnerships with prominent brands such as Monro, BFGoodrich Tires, SBD Apparel, Rogue Fitness, and others. Williams-Sonoma’s engagement in such significant events highlights its commitment to community involvement and brand visibility.
Financially, Williams-Sonoma continues to demonstrate strong performance, driven by innovative product offerings and strategic market expansions. The company's efforts in supporting large-scale residential and commercial projects through its business-to-business services further bolster its market standing.
Overall, Williams-Sonoma, Inc. is a significant player in the home and kitchen retail sector, combining a rich legacy with forward-looking strategies to enhance customer experiences and drive growth.
Williams-Sonoma (NYSE: WSM) has announced a quarterly cash dividend of $0.57 per share of common stock. The dividend will be paid on February 21, 2025, to stockholders of record as of January 17, 2025. The company operates as the world's largest digital-first, design-led and sustainable home retailer through multiple brands including Williams Sonoma, Pottery Barn, West Elm, and others. Their operations span across the U.S., Puerto Rico, Canada, Australia, and the United Kingdom, with franchised locations in various international markets.
Williams-Sonoma (WSM) reported Q3 2024 results with comparable brand revenue declining 2.9% but showing improved profitability. The company achieved an operating margin of 17.8% and diluted EPS growth of 7.1% to $1.96. Gross margin improved by 230 basis points to 46.7%, driven by higher merchandise margins and supply chain efficiencies. The Board approved a new $1 billion stock repurchase authorization. The company raised its full-year 2024 outlook, now expecting revenue decline of -3% to -1.5% with operating margin between 17.8% to 18.2%.
Williams Sonoma Home has launched a new collaboration with THE GEORGE, a 31-room boutique hotel owned by makeup artist and entrepreneur Bobbi Brown. The collection features home furnishings and decorative accents including curtains, pillows, bedding, rugs, frames, leather boxes, barware, board games, and desk accessories. Located near New York City, THE GEORGE hotel was originally built in 1902 and represents Brown's first hospitality project with her husband Steven Plofker. The collaboration aims to bring the hotel's modern styling and chic aesthetic into customers' homes through this -edition collection.
Williams-Sonoma (NYSE: WSM) has scheduled its third quarter results release for Wednesday, November 20th, 2024, before market opening. The company will host a conference call at 10:00 AM Eastern Time, followed by a webcast replay available from 12:00 PM ET. As the world's largest digital-first, design-led and sustainable home retailer, Williams-Sonoma operates multiple brands including Williams Sonoma, Pottery Barn, West Elm, and others through e-commerce, catalogs, and retail stores across multiple countries.
Mark & Graham, a Williams-Sonoma (NYSE: WSM) brand, has launched Bark & Graham, a new collection of over 250 personalized pet products. The collection features custom pet beds, bowls, collars, and apparel with colorful block prints, plaids, and bold stripes. Products are designed to prominently display pet names and can be previewed using the brand's personalization technology before purchase. The initial launch includes seasonal items like festive sweaters and puffer vests, with additional releases planned for 2025 and beyond.
Williams Sonoma (NYSE: WSM) has launched an exclusive food collection in collaboration with Michelin-star chef Jean-Georges Vongerichten. The collection features eight products inspired by recipes from his sixty global restaurants, combining French cuisine with Asian flavors. Products include specialty condiments, glazes, marinades, and rubs, ranging from $12.95 to $59.95. Notable items include Apricot Ginger Mustard, Miso Yuzu Glaze, and a Seafood Sauce Trio. Store tastings will be held on November 1-2 to showcase the collection.
Pottery Barn, a brand of Williams-Sonoma, Inc. (NYSE: WSM), has launched a new home furnishings collaboration inspired by Warner Bros.' holiday film, The Polar Express. The collection, celebrating the film's 20th anniversary, features bedding, pillows, decorative accessories, and tabletop items that reimagine iconic artwork from the movie.
Standout items include a golden ticket stoneware cookie platter, train-shaped stocking holders, a conductor's hat ornament, and a light-up lumbar pillow. The collection aims to bring the magic of the film into homes for the holiday season.
Monica Bhargava, Pottery Barn President, expressed excitement about bringing this classic film to customers' homes. The collection is now available at potterybarn.com/ThePolarExpress. This collaboration is part of Warner Bros. Discovery Global Consumer Products' efforts to extend its entertainment brands into fans' lives through licensing and merchandising programs.
Pottery Barn, Pottery Barn Kids, and Pottery Barn Teen, brands of Williams-Sonoma, Inc. (NYSE: WSM), have announced new home furnishings collections in collaboration with design influencers Chris and Julia Marcum of Chris Loves Julia. The collections expand on their successful 2023 Pottery Barn Kids line, now including Pottery Barn and Pottery Barn Teen.
The new collections feature heirloom-worthy aesthetics with modern detailing, combining the Marcums' design expertise with each brand's craftsmanship. The Pottery Barn collection includes bedroom sets, office furniture, and decor items in rich dark wood with brass hardware. Pottery Barn Kids adds holiday items to their existing line, while Pottery Barn Teen introduces their first-ever collaboration with the duo.
This partnership aims to bring timeless, classic pieces to homes, reflecting Chris and Julia's signature moody, modern traditional style. The collections are now available on the respective brand websites.
West Elm, a Williams-Sonoma, Inc. (NYSE: WSM) brand, has launched a new collaboration with actress Christina Ricci. The collection features contemporary decorative accessories inspired by Ricci's love for home design and the mystical arts. It includes a edition of Ricci's upcoming Cat Full of Spiders Tarot Deck & Guidebook with exclusive box artwork for West Elm.
The collection showcases black marble decorative accessories, including a Marble Filled Candle ($39–$79) and Marble Tray ($99). West Elm's President, Day Kornbluth, expressed excitement about capturing Ricci's aesthetic in the collection. The collaboration aims to bring a distinct style into homes, suitable for both tarot card readings and everyday life.
Williams Sonoma (NYSE: WSM) has expanded its exclusive TUCCI by GreenPan™ cookware collection, designed in collaboration with actor Stanley Tucci. The new additions include 34 products, featuring a Lasagna Pan and a 4.5 Quart Stanley Pan available in six colors inspired by Italian sports cars. The collection, manufactured in Italy, combines contemporary design with eco-friendly non-stick technology.
GreenPan™, known for its PFAS-free ceramic nonstick cookware, has incorporated cutting-edge surface treatments and stay-cool handles in the new items. The expansion also includes stainless-steel cookware options. This collaboration aims to blend Tucci's Italian American heritage with modern cooking technology, offering customers high-quality, functional, and aesthetically pleasing cookware exclusively available at Williams Sonoma stores and online.
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