Williams-Sonoma, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended January 28, 2024
March 13, 2024 at 06:36 pm IST
Share
Williams-Sonoma, Inc. reported earnings results for the fourth quarter and full year ended January 28, 2024. For the fourth quarter, the company reported sales was USD 2,278.94 million compared to USD 2,453.08 million a year ago. Net income was USD 354.44 million compared to USD 354.99 million a year ago. Basic earnings per share from continuing operations was USD 5.53 compared to USD 5.35 a year ago. Diluted earnings per share from continuing operations was USD 5.44 compared to USD 5.28 a year ago.
For the full year, the company reported sales was USD 7,750.65 million compared to USD 8,674.42 million a year ago. Net income was USD 949.76 million compared to USD 1,127.9 million a year ago. Basic earnings per share from continuing operations was USD 14.71 compared to USD 16.58 a year ago. Diluted earnings per share from continuing operations was USD 14.55 compared to USD 16.32 a year ago.
Williams-Sonoma, Inc. is an omni-channel specialty retailer for home products. Its brands include Williams Sonoma, Pottery Barn, Pottery Barn Kids, Pottery Barn Teen, West Elm, Williams Sonoma Home, Rejuvenation, and Mark and Graham are marketed through e-commerce Websites, direct-mail catalogs and retail stores. These brands are also part of the Company's loyalty and credit card program that offers members benefits across the Williams-Sonoma family of brands. Williams Sonoma products include everything for cooking, dining and entertaining, including cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture and a library of cookbooks. The brand also includes Williams Sonoma Home that offers home furnishings and decorative accessories. Pottery Barn is an omnichannel home furnishings retailer. It operates 518 stores, which include 480 stores in 40 states, Washington, D.C. and Puerto Rico, 19 stores in Canada, 17 stores in Australia and two stores in the United Kingdom.