Williams-Sonoma, Inc. - WSM STOCK NEWS

Williams-Sonoma, Inc. (NYSE: WSM) reported strong Q4 and FY 2020 results, highlighting a 26% increase in comparable brand revenue in Q4 and nearly 30% demand growth. Gross margin rose to 42.1%, with GAAP diluted EPS at $3.92, an 85% year-over-year increase. For FY 2020, total revenue increased significantly, with a GAAP operating margin of 13.4% and diluted EPS at $8.61. The company anticipates mid-to-high single-digit revenue growth for FY 2021, driven by robust e-commerce performance and positive macro trends.

Williams Sonoma has introduced the new Trisha Yearwood Gwendolyn Collection, expanding its collaboration with the country music star. This tabletop collection features unique dinnerware inspired by Yearwood's mother's wedding cake designs, crafted from embossed glazed stoneware. Each piece includes Gwendolyn's signature. Prices range from $29.95 for chargers to $69.95 for serving bowls. To celebrate the launch, a virtual Mother’s Day event with Yearwood will take place on May 6th. This collection continues the legacy of Yearwood's previous successful collaborations with Williams Sonoma.

Williams-Sonoma, Inc. (NYSE: WSM) will release its fourth quarter and fiscal year 2020 results on March 17, 2021, after market close. A conference call is scheduled for 5:00 PM ET to discuss the results, accessible via their investor relations website. Williams-Sonoma is a leading digital-first retailer, operating brands like Pottery Barn and West Elm, with a strong focus on sustainability. The company serves customers in multiple countries and offers international shipping, highlighting their commitment to Environmental, Social, and Governance (ESG) practices.

Williams-Sonoma, Inc. (NYSE: WSM) announced the achievement of its goal to educate over 100,000 workers in its supply chain in honor of International Women’s Day. The company unveiled a new target for 2030, aiming for 75% of products to be made in factories with worker wellbeing programs. Williams-Sonoma will continue partnerships with BSR’s HERproject™ and VisionSpring to enhance workers' health and financial stability. CEO Laura Alber emphasized the importance of addressing challenges faced by women in the workforce through dedicated training and resources.

Williams Sonoma and Pottery Barn, brands under Williams-Sonoma (NYSE: WSM), launched a new home entertaining collection designed by Marlo Thomas, an award-winning actress and activist. The collection, inspired by Thomas's global travels, features over 10 unique tabletop items. Key pieces include appetizer plates, a cheese dome, and a champagne bucket, ranging from $19.95 to $169.95. The collaboration reflects Williams Sonoma's long-standing relationship with Thomas, showcasing her passion for entertaining and philanthropy.

Williams-Sonoma, Inc. (NYSE: WSM) announced it raised $5 million for St. Jude Children’s Research Hospital during the 2020 St. Jude Thanks and Giving Campaign, marking a 40% increase from the previous year. The fundraising efforts included 593,000 customer donations at checkout and special product sales. Over 16 years, Williams-Sonoma has contributed over $55 million to St. Jude, aiding research and treatment that has increased childhood cancer survival rates from 20% to over 80%. CEO Laura Alber expressed pride in the company's tradition of support amid challenging times.

Pottery Barn, part of the William-Sonoma portfolio (NYSE: WSM), has announced a goal to plant three million trees by the end of 2023, partnering with the Arbor Day Foundation. This initiative aims to plant one tree for each piece of indoor wood furniture sold, enhancing the sustainability of their products. By 2021, Pottery Barn plans to use 50% responsibly sourced wood, currently achieving 42%. Recognized as a top company in sustainably sourced wood, Williams-Sonoma emphasizes its commitment to environmental responsibility and quality home furnishings.

Williams-Sonoma, Inc. (NYSE: WSM) has declared a quarterly cash dividend of $0.53 per share, payable on February 26, 2021, to stockholders of record by January 22, 2021. The company had 76,597,716 shares outstanding as of November 29, 2020. Williams-Sonoma is a specialty retailer offering high-quality home products through various brands including Pottery Barn and West Elm, operating in multiple countries and providing international shipping.

Williams-Sonoma, Inc. (NYSE: WSM) announced that on December 1, 2020, all its brands will double product giveback percentages and match customer donations for Giving Tuesday. The initiative will support nonprofit partners like St. Jude Children's Research Hospital and No Kid Hungry. The company plans to donate up to $750,000 for this charitable effort. CEO Laura Alber emphasized the importance of giving back, especially in challenging times. The brands involved include Williams Sonoma, Pottery Barn, West Elm, and others.