Key Developments: Williams-Sonoma Inc (WSM.N)
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Latest Key Developments (Source: Significant Developments)
Williams-Sonoma Inc Issues Q2 2013 Guidance; Raises FY 2013 Guidance
Williams-Sonoma Inc announced that for the second quarter of 2013, it expects net revenues to be in the range of $920 million to $940 million and Diluted EPS to be in the range of $0.43 to $0.46. For fiscal 2013, it expects annual revenues to between $4.220 billion and $4.300 billion and EPS to the range of $2.67 to $2.77. Full Article
Williams-Sonoma Inc Announces 41% Dividend Increase And Three-Year $750 Million Stock Repurchase Program
Williams-Sonoma Inc announced that its Board of Directors has authorized a 41% increase in the Company's quarterly cash dividend to $0.31 per share and a new $750 million stock repurchase program that the Company intends to execute over the next three years. The quarterly dividend is payable on May 24, 2013 to stockholders of record as of the close of business on April 26, 2013. This new stock repurchase program authorizes the purchase of $750 million of the company`s common stock through open market and privately negotiated transactions at times and in such amounts as management deems appropriate. The timing and actual number of shares repurchased will depend on a variety of factors, including price, corporate and regulatory requirements, capital availability and other market conditions. The stock repurchase program does not have an expiration date and may be limited or terminated at any time without prior notice. Under the stock repurchase program authorized by the Board of Directors in January 2012, a total of 5,978,162 shares of common stock were repurchased and retired at a weighted average cost of $37.55 per share and an aggregate cost of $225 million. Full Article
Williams-Sonoma Inc Issues FY 2013 Guidance Above Analysts' Estimates; Comments On Long TErm Guidance
Williams-Sonoma Inc announced that for fiscal 2013, it expects annual revenues to between $4.20 billion and $4.28 billion and EPS to the range of $2.65 to $2.75. Over the next three years, it expects revenue growth to be in the mid to high single-digits and EPS growth to be in the low double-digits to mid-teens. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $4.04 billion and EPS of $2.54 for fiscal 2013; revenue of $4.23 billion and EPS of $2.82 for fiscal 2014; revenue of $4.45 billion and EPS of $3.17 for fiscal 2015; revenue of $4.77 billion and EPS of $3.74 for fiscal 2016 Full Article
Williams-Sonoma Inc Announces Brand Leadership Changes
Williams-Sonoma Inc announced that Richard Harvey, President of the Williams-Sonoma brand, will be leaving the Company on May 3, 2013, after 30 years of service. Full Article
Williams-Sonoma Inc Declares Quarterly Cash Dividend
Williams-Sonoma Inc announced that its Board of Directors has declared a quarterly cash dividend of $0.22 per common share. The dividend is payable on February 25, 2013 to stockholders of record as of the close of business on January 25, 2013. Full Article
Williams Sonoma Inc Issues Q4 2012 Guidance Below Analysts' Estimates; Raises FY 2012 Guidance
Williams Sonoma, Inc. announced that for the fourth quarter of 2012, it expects revenue to be in the range of $1.36-$1.40 billion, non-GAAP diluted earnings per share (EPS) in the range of $1.21-$1.28 and GAAP Diluted EPS of between $1.21-$1.28. For fiscal 2012, it expects total net revenue to be in the range of $3.995-$4.035 billion and non-GAAP diluted EPS of $2.45-$2.52, GAAP Diluted EPS of $2.41-$2.48. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $1.42 billion and EPS of $1.41 for fourth quarter of 2012. Full Article
Williams Sonoma Inc Declares Quarterly Cash Dividend
Williams Sonoma Inc announced that its Board of Directors has declared a quarterly cash dividend of $0.22 per common share. The dividend is payable on November 23, 2012 to stockholders of record as of the close of business on October 26, 2012. Full Article
Williams Sonoma Inc Issues Q3 2012 Guidance In Line With Estimates; Raises Low End Of Prior FY 2012 Revenue Guidance; Raises FY 2012 EPS Guidance; Revises FY 2012 Comparable Store Sales Guidance
Williams-Sonoma, Inc. announced that for the third quarter of 2012, it expects revenue to be in the range of $905-$925 million, non-GAAP diluted earnings per share (EPS) in the range of $0.43-$0.46 and GAAP Diluted EPS of between $0.38-$0.41. For fiscal 2012, it expects total net revenue to be in the range of $3.975-$4.020 billion and non-GAAP diluted EPS of $2.44-$2.51, GAAP Diluted EPS of $2.40-$2.47. The Company expects comparable store sales growth of 2%-3 % for fiscal 2012. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $913 million and EPS of $0.43 for the third quarter of 2012; revenue of $3.998 billion and EPS of $2.50 for fiscal 2012. Full Article
Williams Sonoma Inc Announces Appointment Of Julie Whalen As Chief Financial Officer
Williams Sonoma Inc announced that Julie Whalen, Senior Vice President, Acting Chief Financial Officer, has been appointed Executive Vice President, Chief Financial Officer. Whalen joined the Company in 2001 as a Financial Planning organization and was promoted to Vice President, Corporate Controller in 2003, Senior Vice President in 2006, Treasurer in 2011, and Acting Chief Financial Officer in March 2012. Full Article
Williams Sonoma Inc Declares Quarterly Cash Dividend
Williams Sonoma Inc announced that its Board of Directors has declared a quarterly cash dividend of $0.22 per common share. The dividend is payable on August 24, 2012 to shareholders of record as of the close of business on July 27, 2012. Full Article
Williams-Sonoma shines in holiday quarter
- U.S. home goods chain Williams-Sonoma Inc on Tuesday reported a higher-than-expected quarterly profit, aided by fewer discounts and strong online sales in the holiday season.
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