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, Inc. (NYSE: WSM) has announced a 15% increase in its quarterly cash dividend to
Williams-Sonoma, Inc. (NYSE: WSM) reported FY22 comparable brand revenue growth of 6.5% and record earnings per share (EPS) of $16.54. The fourth quarter saw a 0.6% decline in comparable brand revenue, though two-year and three-year comparisons showed strong growth. The company achieved a GAAP operating margin of 17.3% and a non-GAAP margin of 17.5%. Despite increased shipping and occupancy costs, gross margin was 42.4%. For FY23, the company projects revenue growth between -3% to +3% and aims for an operating margin of 14% to 15%.
Williams-Sonoma, Inc. (NYSE: WSM) will release its fourth quarter and fiscal year 2022 results on March 16, 2023, before the market opens. A conference call will follow at 10:00 AM Eastern Time where the company will discuss results. A replay will be available after 12:00 PM Eastern Time the same day. As a leader in sustainable home retailing, Williams-Sonoma markets various brands including Pottery Barn and West Elm through e-commerce and retail channels across the globe, emphasizing their commitment to ESG initiatives.
Pottery Barn, part of Williams-Sonoma (NYSE: WSM), announces the launch of the Hold Everything Essential Closet collection, a customizable, modular storage system designed for closets. This GREENGUARD Gold certified product targets the growing custom closet market. The collection features 66 configurations and includes various storage options to maximize space. With installation videos available online, it aims to provide a practical yet stylish solution. Additionally, a sweepstakes for a closet makeover coincides with the launch, which begins on February 10th, 2023.
Williams-Sonoma, Inc. (NYSE: WSM) has announced key leadership promotions aimed at enhancing the business strategy and efficiencies of its Pottery Barn brands and global marketing departments. Marta Benson steps up as CEO of Pottery Barn Brands, overseeing Pottery Barn Kids and Teen. Jen Kellor continues as President of Pottery Barn Kids and Teen. Michelle Hummel is promoted to lead Global Business, and Abby Teisch heads cross-brand Marketing. CEO Laura Alber emphasizes that these changes reflect strong leadership and are designed to create corporate synergies for long-term growth and shareholder value.
Pottery Barn Teen has announced a collaboration with the Surfrider Foundation, focusing on sustainability through a new collection of coastal-inspired home textiles and décor. This exclusive range, now available at Pottery Barn Teen, utilizes eco-minded materials including 100% organic bedding and rugs made from recycled plastic. The partnership reflects shared values in ocean conservation, aiming to reduce plastic pollution and improve coastal conditions. Jennifer Kellor, President of Pottery Barn Teen, emphasized their commitment to sustainable practices, while Surfrider's CEO highlighted the importance of protecting ocean resources.
Williams-Sonoma, Inc. (NYSE: WSM) announces the appointment of Day Kornbluth as President of West Elm, effective
Williams-Sonoma, Inc. (NYSE: WSM) announces the launch of new native shopping apps for Pottery Barn Kids and Pottery Barn Teen, enhancing mobile shopping experiences. Available on the App Store, the apps offer an intuitive interface, enabling users to track registries, shop by life stage, share favorites, and browse 3-D design inspirations. Key features include secure checkout with Apple Pay and free design consultations. This development underscores Williams-Sonoma's commitment to digital retailing, aiming to simplify shopping for families and teens alike.
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