Williams Sonoma Stock Price, News & Analysis

West Elm, a brand under Williams-Sonoma, Inc. (NYSE: WSM), has launched a new home furnishings collection in collaboration with renowned chef Marcus Samuelsson. This 32-piece collection, marking Samuelsson's debut in home furnishings, is inspired by his Ethiopian heritage, Swedish upbringing, and New York City lifestyle. Available exclusively on WestElm.com and select West Elm stores, the collection includes diverse items such as tableware, furniture, lighting, and art. Key pieces include the Carved Tableware Set ($32-40), Upholstered Dining Chairs and Bar Stools ($299, $399), the Layered Brass Pendant ($399), and the Rectangular Dining Table ($1,299). The collection aims to blend Samuelsson's love for food and entertaining with stylish home decor.

Pottery Barn Kids and Pottery Barn Teen, both brands under Williams-Sonoma (NYSE: WSM), have announced a new home furnishings collaboration with fashion and lifestyle brand Roller Rabbit. This exclusive collection features Roller Rabbit's vibrant prints integrated into dorm décor, bedding, gear, decorative accessories, and textiles. Available now at Pottery Barn Kids and Pottery Barn Teen, the collection includes items like Twin XL bedding, headboards, laundry bags, and shower caddies, perfect for the back-to-school season. This collaboration aims to combine quality craftsmanship, safety, and sustainability with Roller Rabbit's iconic and cheerful designs, offering items for nurseries to dorm rooms.

Williams-Sonoma (NYSE: WSM) announced that its Board of Directors has declared a quarterly cash dividend of $1.14 per share for common stockholders of record on July 19, 2024. The dividend will be paid on August 23, 2024. Following a stock split announcement, the dividend will be adjusted to $0.57 per share post-split. Williams-Sonoma is a leading digital-first and sustainable home retailer, managing brands like Pottery Barn, West Elm, and Rejuvenation. The company operates in the U.S., Canada, and other international locations.

Williams-Sonoma (NYSE: WSM) announced a two-for-one stock split. Each stockholder of record on June 27, 2024 will receive an additional share for each share held, payable on July 8, 2024. Trading on a split-adjusted basis will commence on July 9, 2024. The stock dividend won't affect voting and other rights of stockholders. Williams-Sonoma aims to make its stock more accessible to investors and employees. The company, known for brands like Pottery Barn and West Elm, operates in several countries and emphasizes sustainability.

Williams-Sonoma's Pottery Barn has announced a new home furnishings collection in collaboration with Westin Hotels & Resorts. The Westin for Pottery Barn collection aims to bring the hotel’s relaxing sleep experience to homes.

The collection includes modern bedroom furniture, bedding, and bath accessories, featuring the new Heavenly Bed mattress with advanced cooling and support features. This collaboration extends Pottery Barn's 10-year partnership with Westin, emphasizing luxurious and personalized home comfort.

Products are available on PotteryBarn.com and WestinStore.com.

West Elm, a brand under Williams-Sonoma (NYSE: WSM), has unveiled its second collection with lifestyle brand RHODE for Summer 2024. Following the success of their initial collaboration in May 2023, the new collection features 120 items, including beloved pieces from the previous collection and new additions such as textiles, lighting, and dormitory essentials.

The collection aims to bring RHODE's playful and carefree spirit into more home decor staples. Key items include the Wiggle Round Pillow at $39, the Begonia Napkin Set at $40, and the Wiggle Mug and Cereal Bowl Sets at $52 each. The collection will be available in Canada starting June 3rd.

Williams-Sonoma (NYSE: WSM) has elected Andrew Campion to its Board of Directors. Campion, formerly of Nike and The Walt Disney Company, brings vast experience in financial management, brand growth, and operational excellence. He currently serves on several boards, including Starbucks and the Los Angeles 2028 Olympic Games. CEO Laura Alber and Board Chair Scott Dahnke expressed their enthusiasm about Campion’s addition. Williams-Sonoma operates several brands including Pottery Barn and West Elm, and emphasizes sustainability in their business practices. The company is a leading digital-first home retailer operating in various international markets.

Williams-Sonoma (NYSE: WSM) reported Q1 2024 results with a -4.9% decrease in comparable brand revenue. The gross margin reached 48.3%, boosted by an out-of-period adjustment. The adjusted gross margin was 45.4%, up by 690bps compared to last year. Operating margin stood at 19.5%, and diluted EPS was $4.07.

Without the adjustment, the operating margin was 16.6%, and diluted EPS was $3.48. The company raised its full-year operating margin outlook to 17.6%-18.0%, including the adjustment's impact. Williams-Sonoma maintained a strong liquidity position with $1.3 billion in cash and generated $227 million in operating cash flow. The company returned $107 million to shareholders through dividends and stock repurchases.

For FY 2024, Williams-Sonoma expects net revenue growth between -3% and +3%, with an operating margin of 17.0%-17.4% excluding the adjustment. The company also expects $40 million in annual interest income and a 25.5% effective tax rate.

Williams-Sonoma (NYSE: WSM) will release its first quarter results on Wednesday, May 22, 2024, before the market opens. The company will also host a conference call at 10:00 AM Eastern Time, accessible via their investor relations website. A replay will be available starting at 12:00 PM ET the same day. Williams-Sonoma is a leading digital-first, design-led sustainable home retailer with brands like Pottery Barn, West Elm, and Williams Sonoma Home. They operate in various regions including the U.S., Canada, Australia, and the UK, with international shipping and franchisees in multiple countries. The company emphasizes its commitment to sustainability through its Good By Design initiative, integrating ESG efforts across its operations.