Williams-Sonoma, Inc. - WSM STOCK NEWS

Williams-Sonoma, Inc. (NYSE: WSM) has expanded its Business to Business offerings to include customizable corporate gifting and merchandise services. Customers can collaborate with a single contact to order made-to-order products from its brand portfolio, such as Williams Sonoma, Pottery Barn, and West Elm. The dedicated team will assist in the entire ordering process, providing unique gifts for various occasions. Enrollment in the program grants access to exclusive discounts, and customers can work with in-house design teams for tailored solutions.

West Elm, part of Williams-Sonoma (NYSE: WSM), announces a collaboration with Finnish design house Marimekko, launching a limited-edition holiday collection. The collection features 13 festive items, from $20.00 to $90.00, available exclusively from September 26. Highlights include quilts, ornaments, and tree skirts showcasing Marimekko's iconic prints. Both brands emphasize timeless and functional design, appealing to consumers seeking modern, artisanal holiday décor.

Williams-Sonoma, Inc. (NYSE: WSM) has declared a quarterly cash dividend of $0.78 per common share, payable on November 25, 2022, to stockholders of record by October 21, 2022. The company is recognized as the world's largest digital-first, design-led and sustainable home retailer, operating various brands such as Pottery Barn and West Elm. Williams-Sonoma emphasizes its commitment to sustainability and has a strong presence across the U.S., Canada, and other international markets.

Williams-Sonoma, Inc. (NYSE: WSM) has appointed Jeff Howie as the new Chief Financial Officer. Howie, who has been with the company for 20 years, previously served as Executive Vice President and Chief Administrative Officer, overseeing critical areas such as Finance and Inventory. His extensive experience is expected to support the company's growth initiatives, including a goal of achieving $10 billion in enterprise value. Former CFO Julie Whalen transitions to a role at Expedia Group, after a successful tenure with Williams-Sonoma. The company is conducting a search for a new president of West Elm.

West Elm, a brand under Williams-Sonoma (NYSE: WSM), has announced a partnership with Branch, a premium office furniture startup. This collaboration marks Branch's first with a major retailer and aims to provide West Elm customers access to ergonomic office furniture tailored for both home and commercial use. The offerings include a variety of office essentials and services aimed at enhancing workspace comfort and functionality, aligning with West Elm's commitment to modern office design.

West Elm, part of Williams-Sonoma (NYSE: WSM), unveils its latest collaboration with designer Mara Hoffman, introducing 28 new items that emphasize design and sustainability. The collection includes furniture, lighting, and decorative accessories priced between $19.50 and $799.00. Each piece utilizes sustainable materials like organic cotton and FSC certified wood. With a commitment to responsible production, this partnership reflects shared values in aesthetics and environmental responsibility.

Pottery Barn Teen, part of Williams-Sonoma (NYSE: WSM), has launched an exclusive Star Trek home furnishings collection. This collaboration, celebrating over 50 years of Star Trek, features bedding, accessories, and décor that embody the franchise's iconic themes. Available online in time for Star Trek Day, the collection includes unique designs like LED lighting and a wallpaper mural. The partnership with Paramount Consumer Products aims to offer fans elevated home decor options that resonate with Star Trek enthusiasts of all ages.

Williams Sonoma, Inc. (NYSE: WSM) has launched its Halloween season across brands including West Elm, Pottery Barn, and Mark & Graham, offering customers an expanded range of products. This year's collection features 25% more items than previous years, accommodating early seasonal demand. New collaborations, including popular characters from PEANUTS™ on various products, are highlighted. The brands aim to provide unmatched quality and imaginative details, inviting customers to celebrate Halloween with an array of festive tabletop, food, décor, and costumes.

Williams-Sonoma, Inc. (NYSE: WSM) reported robust Q2 2022 results, showcasing an 11.3% comparable brand revenue growth and a diluted EPS of $3.87, reflecting a 20.6% increase year-over-year. The company achieved an operating margin of 17.1%, with expansion of 50 basis points. Gross margin registered at 43.5%, influenced by rising shipping costs. Strong liquidity was maintained with $125 million in cash, enabling share repurchases of over $765 million YTD. WSM reaffirms its guidance for mid-to-high single-digit revenue growth and aims for $10 billion in revenue by fiscal 2024.