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, a leading home retailer, launched its eighth annual Tools For Change campaign, benefitting No Kid Hungry. The initiative aims to raise over $3 million to provide nearly 30 million meals for children in need. To date, the partnership has contributed over $16 million, enabling 160 million meals. Limited edition products designed by celebrities, including spatulas and food items, are available for purchase, where each spatula sold provides 40 meals. The fundraising program highlights Williams Sonoma's commitment to combating childhood hunger in America.
Williams-Sonoma, Inc. (NYSE: WSM) has declared a quarterly cash dividend of $0.78 per share, payable on August 26, 2022, to stockholders recorded by the close of business on July 22, 2022. As a leader in sustainable home retail, Williams-Sonoma operates brands such as Pottery Barn and West Elm, focusing on digital sales and environmental sustainability. The company's commitment to ESG practices highlights its dedication to caring for people and the planet, bolstering investor confidence.
Williams Sonoma has unveiled its new Seed & Harvest collection focusing on sustainable sourcing and transparency. This collection features 33 food items catering to various dietary preferences, such as vegan and gluten-free. All products are refined sugar-free and use compostable or recyclable packaging. Williams Sonoma emphasizes high-quality ingredients sourced from reputable vendors, including partnerships with Fair Trade™ certified suppliers. The launch aims to meet growing consumer demand for mindful food products.
Williams-Sonoma, Inc. (NYSE: WSM) reported strong Q1 2022 results, achieving a 9.5% revenue growth compared to Q1 2021, and a 20.7% increase in diluted EPS to $3.50. The gross margin expanded by 80 basis points to 43.8%, benefiting from higher merchandise margins and occupancy cost leverage. The company maintains a solid liquidity position with $325 million in cash and repurchased over $500 million in shares. Looking ahead, Williams-Sonoma anticipates continued mid-to-high single-digit annual revenue growth, aiming for $10 billion in revenue by fiscal year 2024.
Williams-Sonoma, Inc. (WSM) will release its Q1 2022 financial results on May 25, 2022 after market close. A conference call will start at 5:00 PM ET that day, accessible via their website. The company operates several well-known brands, including Williams Sonoma, Pottery Barn, and West Elm, and emphasizes its commitment to sustainability. The company also boasts a loyalty program, The Key Rewards, providing exclusive benefits to its members.
Williams-Sonoma (NYSE: WSM) announces a new Ship-to-Store service for Pottery Barn Dorm, enhancing the college shopping experience. Customers can order dorm essentials online and pick up at one of 552 retail locations nationwide, including Pottery Barn and West Elm. Items include dorm bedding, quick-dry towels, and shower caddies. Orders can be picked up for up to 60 days without an appointment. This service aims to provide convenience for students and parents alike, improving accessibility to essential dorm items.
Pottery Barn, part of Williams-Sonoma, Inc. (NYSE: WSM), has launched a new collaboration with influencer Julia Berolzheimer. The collection, available from May 6, 2022, includes home and garden items inspired by Julia's vintage floral aesthetics. Key pieces range from Clementine Reversible Quilt to Alice Melamine Dinnerware, priced between $22.00 and $1,999.00. This marks Pottery Barn's first venture into the garden category, enhancing its sustainable, design-led offerings.
Williams-Sonoma, Inc. (NYSE: WSM) has launched co-branded collections for kids and teens through Pottery Barn Kids, Pottery Barn Teen, and West Elm Kids, in collaboration with designer Sarah Sherman Samuel. This first partnership in children's home furnishings features nature-inspired designs that prioritize safety and sustainability. The collection includes organic materials and GREENGUARD certified furniture. Samuel's designs reflect personal inspiration from her children and natural environments, emphasizing playful yet modern aesthetics suitable for growing families.
Williams Sonoma has entered into a partnership with Churchill Downs Racetrack and Woodford Reserve to create a 'Kentucky Derby At-Home' experience in preparation for the 148th Kentucky Derby on May 7, 2022. This collaboration will offer exclusive merchandise, cocktail mixes, and themed recipes by chef Kelsey Barnard Clark, alongside engaging cooking events. A sweepstakes will also be held for a chance to win a trip to the 149th Kentucky Derby. Events aim to extend the Derby tradition beyond the racetrack and encourage fans to celebrate at home.
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