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 reported a remarkable 30.7% revenue growth for Q2 2021, with a 29.8% increase in comparable brand revenue. The company achieved a GAAP diluted EPS of $3.21, up 80% year-over-year. Operating margins expanded to 16.6% (GAAP) and 16.7% (non-GAAP). A quarterly dividend of $0.71 per share has been announced, alongside a new $1.25 billion stock repurchase program. The company's outlook has been raised, projecting revenue growth in the high teens to low twenties for FY2021, aiming for $10 billion in revenue by 2024.
Williams-Sonoma, Inc. (NYSE: WSM) will release its second quarter 2021 results on August 25th, 2021, after market close. A conference call will be held at 5:00 PM ET to discuss the results, accessible through their investor relations website. The company operates several well-known brands, including Williams Sonoma and Pottery Barn, and emphasizes its commitment to sustainability as part of its overall strategy. Williams-Sonoma also offers international shipping and has franchise stores in various international locations.
Williams-Sonoma, Inc. (NYSE: WSM) has appointed Paula Pretlow to its Board of Directors, where she will also serve on the Audit and Finance Committee. CEO Laura Alber expressed enthusiasm for Ms. Pretlow's leadership experience in major financial institutions and her alignment with the company's values. Board Chair Scott Dahnke noted her expertise in maximizing shareholder value will support the company's growth. Pretlow has held significant roles at The Capital Group, Montgomery Asset Management, and Blackrock, and serves on various boards, enhancing her qualifications for this role.
Airstream has launched the Pottery Barn Special Edition Travel Trailer, a 28-foot model priced at $145,500. This collaboration combines Airstream's travel innovation with Pottery Barn's timeless design, integrating high-quality amenities for comfort both on the road and at home. The trailer features a full kitchen, bathroom, and stylish finishes inspired by Pottery Barn collections. Designed for modern lifestyles, it accommodates up to four people and includes outdoor features for entertaining. The trailer is now available at dealers nationwide.
Williams Sonoma launched its seventh annual Tools For Change fundraising program to support No Kid Hungry, aiming to raise over $3.5 million to combat childhood hunger. The campaign features a limited-edition product collection, including spatulas and tea towels, designed by ten celebrities. Each spatula purchase can provide up to 40 meals, while tea towels provide 70 meals. Over the past decade, Williams Sonoma has raised over $13 million, providing more than 130 million meals to children in need, highlighting the ongoing impact of hunger exacerbated by the pandemic.
Rejuvenation, a brand under Williams-Sonoma (NYSE: WSM), opened its first retail store in Minnesota at Galleria Edina on July 2, 2021. The 5,500 square foot location features over 240 light fixtures and 40 hardware collections, aiming to assist customers with home design and renovation projects through personalized service and in-home consultations. With a focus on quality craftsmanship, Rejuvenation plans to support local consumers and professionals alike.
Williams-Sonoma (NYSE: WSM) announced a collaboration between Pottery Barn Kids and Pottery Barn Teen with Hope for Flowers by Tracy Reese. This collection features vibrant, floral-themed bedroom furnishings made from responsibly sourced materials. With an emphasis on sustainability, the partnership aims to blend style and eco-friendliness, appealing to families seeking quality and responsible home decor. The collection includes unique items like the Patchwork Quilt and Magical Garden Rug, designed to inspire creativity and optimism in children's spaces.
Williams-Sonoma, Inc. (NYSE: WSM) announced that Jason Edelman will join as Senior Vice President of the Williams Sonoma Home brand, effective August 1, 2021. CEO Laura Alber highlighted a 40% comparable sales increase last quarter, attributing success to the brand's repositioning towards a high-end casual luxury aesthetic. With over 20 years of experience, Edelman aims to enhance growth through his expertise in product design and marketing. The company remains focused on its sustainable business practices and expanding its digital presence.
Williams-Sonoma, Inc. (NYSE: WSM) announced that CEO Laura Alber was named to Barron’s Top CEO List 2021. This recognition highlights leaders who effectively navigated the challenges of COVID-19, with Alber's leadership praised for steering the company through the pandemic with a robust e-commerce strategy and a commitment to sustainability. Notably, Williams-Sonoma aims for carbon neutrality in operations by 2025. The Barron’s list includes other notable CEOs, demonstrating industry recognition for strong leadership.
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