From Barchart: 2024-11-21 06:25:00

Williams-Sonoma (NYSE:WSM) shares surged over 27% after strong Q3 earnings and increased annual guidance. Earnings per share were $1.96, beating estimates of $1.77, with revenue hitting $1.8 billion. Comparable sales dropped by 2.9%, a significant improvement from last year’s 14.6% decline.

The retailer raised its fiscal 2024 guidance, expecting a 1.5% to 3.0% annual net revenue decline and comparable sales to decrease by 3.0% to 4.5%. Williams-Sonoma’s performance exceeded expectations, driven by improved margins and share repurchases, positioning the company for continued growth.



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