Shares of Williams-Sonoma jumped 10 percent to reach an all-time high Thursday after the retailer reported fourth-quarter results that beat analysts’ estimates.
On Wednesday, Williams-Sonoma reported earnings of $1.38 per share on revenue of $1.47 billion for the period ended Feb. 2. Analysts polled by FactSet predicted earnings of $1.35 per share on revenue of $1.42 billion. The home goods company also reported fourth-quarter sales at stores open at least a year climbed 10.4 percent. This figure is a key indicator of a retailer’s health because it excludes results from stores recently opened or closed.
Aside from its flagship cookware stores, Williams-Sonoma’s brands include Pottery Barn, Pottery Barn Kids, PBteen and West Elm.Associated Press
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