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) maintains its position as a leader in premium home furnishings through strategic innovation and multi-brand excellence. This dedicated news hub provides investors and industry observers with essential updates directly from the company and verified sources.
Access official press releases, earnings call details, and operational developments impacting this specialty retail leader. Our curated collection includes product launch announcements, sustainability initiatives, leadership updates, and partnership disclosures - all critical for understanding WSM's market position.
Key coverage areas include quarterly financial results, brand expansion strategies, design innovation milestones, and omni-channel retail advancements. The archive serves as a vital resource for tracking the company's performance across its Williams-Sonoma, West Elm, and Pottery Barn subsidiaries.
Bookmark this page for streamlined access to the information driving decisions in the $750 billion global home furnishings market. Combine these verified updates with our analysis tools for comprehensive investment research.
Williams-Sonoma announced a 20.3% increase in its quarterly cash dividend to $0.71 per share, payable on November 26, 2021. The Board also approved a new $1.25 billion stock repurchase authorization, replacing the $560 million still available from the previous program. CEO Laura Alber highlighted this as a demonstration of the company's strong financial position and commitment to enhancing shareholder returns. The repurchase program offers flexibility in timing and number of shares acquired, depending on market conditions.
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.
