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Williams-Sonoma reports strong Q3 earnings, exceeding expectations and reaching a stock high.
Williams-Sonoma Inc. reported stronger-than-expected third-quarter earnings, with a 7% increase in EPS to $1.96 and revenue of $1.8 billion.
Despite a 2.9% decrease in sales, the company outperformed industry declines.
Williams-Sonoma raised its full-year guidance, projecting a 3% to 1.5% revenue decline, and announced a $1 billion stock repurchase plan.
Shares soared by 25% to $171.55, reaching an all-time high.
The company attributes its performance to improved operational efficiencies and market-share gains.
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Williams-Sonoma reporta fuertes ganancias Q3, superando las expectativas y alcanzando un alto nivel de stock.