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Williams-Sonoma’s 4Q Earnings Jump 85%; Shares Pop 12%

Sumary of Williams-Sonoma’s 4Q Earnings Jump 85%; Shares Pop 12%:

  • Shares of Williams-Sonoma soared 12.3% in Wednesday post-market trading session after the retail company posted strong fiscal 4Q earnings…
  • Williams-Sonoma (WSM) 4Q adjusted earnings jumped 85% to $3.95 per share on a year-over-year basis and outpaced the Street estimates of $3.39 per share…
  • The company comparable brand revenue growth came in at 25.7% in the quarter, while demand comparable brand revenue growth was 30%…
  • Williams-Sonoma CEO Laura Alber said, “Longer-term, we have accelerated our path to $10 billion in net revenues and see us hitting this milestone in the next five years, with operating margins at 15%.”..
  • The fiscal year 2021 financial performance is expected to be in line with the long-term financial outlook of mid-to-high single-digit net revenue growth and year-over-year non-GAAP operating margin expansion, the company said…
  • (See Williams-Sonoma stock analysis on TipRanks) Additionally, the company announced an 11.3% increase in its quarterly cash dividend to $0.59 per share…
  • Following the 4Q results, Wells Fargo analyst Zachary Fadem increased the stock price target to $155 (13.6% upside potential) from $135 and reiterated a Hold rating….

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