Williams-Sonoma, Inc. - WSM STOCK NEWS

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.

Williams Sonoma has announced an expansion of its Hold Everything collection, now featuring over 50 products designed for home organization, storage, and cleaning solutions. The new additions include functional items such as in-drawer organizers and stackable storage products tailored for various spaces within the home. This expansion reflects the growing consumer interest in home organization due to increased time spent at home. Williams Sonoma has partnered with organizational expert Shira Gill to create a video series offering tips for utilizing the new collection effectively.

Williams-Sonoma, Inc. (NYSE: WSM) will release its second quarter 2022 results on August 24, 2022, after market close. A conference call will be held at 5:00 PM Eastern Time on the same day, accessible through their website. The company highlights its status as a leading digital-first home retailer with multiple brands, including Williams Sonoma and Pottery Barn. They emphasize their commitment to sustainability through their Good By Design initiative. For more details on their ESG efforts, visit their sustainability website.

Williams-Sonoma, Inc. (NYSE: WSM) released its 2021 Impact Report, highlighting its sustainability and social impact goals. The company aims for carbon neutrality in its operations by 2025 and a 24% reduction in carbon intensity, with revenue rising nearly 40% since 2019. Notably, Pottery Barn's tree-planting commitment has been increased to 6 million trees by 2023, with over 1.5 million already planted. The report also includes a commitment to source 75% of products from suppliers offering worker wellbeing programs by 2030, investing $10M in Fair Trade Premiums and $50M in Nest Certified products by 2025.

Pottery Barn Kids, a part of Williams-Sonoma (NYSE: WSM), unveils its largest back-to-school collection, featuring backpacks, lunch bags, and more. Available in 97 styles, the new selection emphasizes design and personalization. To aid shoppers, a new online Gear Guide streamlines sizing choices, ensuring a proper fit. The gear, now a year-round offering, supports various activities beyond school. Additionally, recipes for school lunches are offered, enhancing the customer experience. This initiative strengthens Pottery Barn Kids' position in the market as a go-to source for children’s essentials.

Williams-Sonoma, Inc. (NYSE: WSM) announced the resignation of Ryan Ross, President of the Williams Sonoma brand, effective July 26, 2022. Ross is leaving for a leadership role outside the company. Felix Carbullido, previously Chief Marketing Officer, will assume the role of President. Laura Alber, CEO, expressed confidence in Carbullido's ability to drive growth and develop the Williams Sonoma brand further. The company remains a leader in sustainable home retail, operating multiple brands across several countries.

Pottery Barn, a brand under Williams-Sonoma (NYSE: WSM), is set to launch its new product line, The Accessible Home, on July 22. This range focuses on inclusive design, catering to individuals with disabilities, injuries, and the aging population. Key offerings include accessible furniture and accessories, such as bath products, motion lift chairs, and adjustable desks. The initiative reflects Pottery Barn's commitment to quality, style, and sustainability while enhancing home comfort for all customers.