Welcome to our dedicated page for Williams Sonoma news (Ticker: WSM), a resource for investors and traders seeking the latest updates and insights on Williams Sonoma stock.
Williams-Sonoma, Inc. (WSM) maintains its position as a leader in premium home furnishings through strategic innovation and multi-brand excellence. This dedicated news hub provides investors and industry observers with essential updates directly from the company and verified sources.
Access official press releases, earnings call details, and operational developments impacting this specialty retail leader. Our curated collection includes product launch announcements, sustainability initiatives, leadership updates, and partnership disclosures - all critical for understanding WSM's market position.
Key coverage areas include quarterly financial results, brand expansion strategies, design innovation milestones, and omni-channel retail advancements. The archive serves as a vital resource for tracking the company's performance across its Williams-Sonoma, West Elm, and Pottery Barn subsidiaries.
Bookmark this page for streamlined access to the information driving decisions in the $750 billion global home furnishings market. Combine these verified updates with our analysis tools for comprehensive investment research.
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.
Williams-Sonoma, Inc. (NYSE: WSM) has announced an increase in its hourly minimum wage to
West Elm, part of Williams-Sonoma (NYSE: WSM), has launched an exclusive collection inspired by the Netflix series Ada Twist, Scientist. Featuring 11 gender-neutral pieces, the West Elm Kids collection invites creativity and self-expression among children aged 2-6. Key products include a $39 pillow, a $99 lap desk, and a $129 lamp. This collaboration marks the first partnership between West Elm and Netflix, focusing on sustainable and ethical manufacturing. The collection is available for pre-order at WestElm.com/AdaTwist.
Williams-Sonoma, Inc. (NYSE: WSM) has launched The Key Rewards Credit Card Program with Capital One, enhancing customer loyalty across its brands like Williams Sonoma, Pottery Barn, and West Elm. This new program allows cardmembers to earn 10% rewards on purchases in the first month and 5% thereafter, with additional rewards on groceries (4%) and other purchases (1%). Cardmembers also receive benefits like free shipping, a $25 birthday reward, and no annual fee. The cards are made from 85.5% recycled materials, reflecting a commitment to sustainability.
Williams-Sonoma announced a 20.3% increase in its quarterly cash dividend to $0.71 per share, payable on November 26, 2021. The Board also approved a new $1.25 billion stock repurchase authorization, replacing the $560 million still available from the previous program. CEO Laura Alber highlighted this as a demonstration of the company's strong financial position and commitment to enhancing shareholder returns. The repurchase program offers flexibility in timing and number of shares acquired, depending on market conditions.
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