Williams Sonoma Stock Price, News & Analysis

Pottery Barn, part of Williams-Sonoma (NYSE: WSM), has launched a new collaboration with the Black Artists + Designers Guild (BADG), focusing on celebrating Black culture through design. This collection, inspired by themes of 'Black Joy,' features over 25 unique items including decorative accessories, dinnerware, and more. Designed by BADG members, the collection emphasizes quality craftsmanship and inclusivity. Available from January 28, 2022, prices range from $29.50 to $249. This partnership aligns with WSM's commitment to enhancing Black representation in the creative industry.

Williams Sonoma (NYSE: WSM) has announced the launch of its first-ever Virtual Wellness Retreat, scheduled for January 29-30, 2022. The event will feature cooking demonstrations from celebrity chefs, fitness sessions, and discussions on health and wellness topics. Tickets are priced at $15, with proceeds benefiting No Kid Hungry, a campaign aimed at ending childhood hunger. This initiative is part of Williams Sonoma's commitment to health and wellness, showcasing high-profile speakers including Bobby Flay, Glennon Doyle, and Robin Arzón.

Williams-Sonoma, Inc. (WSM) announces the launch of the ‘LEGO x Pottery Barn Kids’ collection, featuring bedding, rugs, and decorative items designed to inspire creativity in children's spaces. This collaboration merges the playful spirit of LEGO with Pottery Barn Kids’ commitment to quality and sustainability. Products showcase bright prints of LEGO icons, promoting imaginative play and self-expression. Both brands emphasize the importance of quality and environmental care in their designs.

Williams-Sonoma, Inc. (NYSE: WSM) has declared a quarterly cash dividend of $0.71 per common share, payable on February 25, 2022, to stockholders of record by January 21, 2022. This move reflects the company’s commitment to returning value to its shareholders while reinforcing its status as a leading digital-first home retailer. Williams-Sonoma operates multiple brands and emphasizes sustainability across its business operations.

Williams-Sonoma (NYSE: WSM) reported a 16.0% increase in Q3 revenues, with comparable brand revenue growth at 16.9%, reflecting an impressive 41.3% two-year stack. The company achieved a GAAP operating margin of 16.1% and a Non-GAAP operating margin of 16.3%, a 60 basis point increase. Q3 diluted EPS rose to $3.29 GAAP and $3.32 Non-GAAP, marking a 30% year-over-year growth. The fiscal year 2021 outlook has been raised to 22%-23% revenue growth and operating margins of 16.9%-17.1%. Strong liquidity of $657 million supports share buybacks and dividends.

Williams-Sonoma, Inc. (NYSE: WSM) will announce its third quarter 2021 results on November 18, 2021, after the market closes. A conference call is scheduled for 5:00 PM ET on the same day, accessible via their investor relations page. As a leading digital-first home retailer, Williams-Sonoma operates brands like Pottery Barn and West Elm across various markets, emphasizing sustainability and design. The company is also recognized for its commitment to environmental, social, and governance (ESG) initiatives.

Williams Sonoma, a leading home retailer, announced the launch of the new Williams Sonoma Reserve membership program and the Williams Sonoma Recipes app. The membership offers benefits including free shipping on standard items for a year, a $39.99 recipe app subscription, and access to virtual cooking classes valued at $80. The annual membership fee is $99. The new app provides thousands of recipes, instructional videos, and tools for better meal planning. This initiative reflects the company's focus on enhancing digital content distribution.

Williams-Sonoma, Inc. (NYSE: WSM) recently announced the appointment of Anne Finucane to its Board of Directors. Finucane, Vice Chairman of Bank of America since 2015, brings extensive experience in financial services and a strong commitment to environmental, social, and governance (ESG) matters. Her strategic insights from her leadership roles and expertise in corporate social responsibility are expected to significantly enhance the Board’s effectiveness. Laura Alber, CEO, and Scott Dahnke, Board Chair, expressed their enthusiasm about her joining, underscoring her value in guiding company strategies.

Williams-Sonoma, Inc. (NYSE: WSM) announced new investments in Nest Ethical Handcraft products and will double its Fair Trade Premiums by 2025. This initiative aims for 75% of products to meet social and environmental standards by 2030, translating to $1B in annual purchases. Since 2014, the company has partnered with Fair Trade USA and Nest, impacting nearly 16,000 workers and over 3,600 artisans globally. Williams-Sonoma has committed nearly $20M in Fair Trade Premiums, fostering sustainable development in sourcing communities.