Williams-Sonoma Grew Comps 6.2% and Raised Full-Year Guidance. Here’s the Catch.
Williams-Sonoma delivered strong second-quarter results, but margins still declined due to tariffs.
Overview
Williams-Sonoma (NYSE: WSM), the high-end home furnishings retailer that also owns Pottery Barn and West Elm, delivered strong results in its second-quarter earnings report on Wednesday morning.
In a challenging market for home improvement and home furnishings, Williams-Sonoma posted comparable sales growth of 6.2%, easily outpacing its peers.
Details
The company also beat estimates on the top and bottom lines and raised guidance, but the stock still edged lower, showing that the results may not be as strong as they seem. Let's take a closer look.
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.