Williams-Sonoma, Inc. (NYSE:WSM) has announced the financial results for the 8 week holiday period ended December 27, 2009. The results showed net revenues of $783 million for the period. The net revenues were 7.4% higher than the year ago period.
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The company has also raised its fourth quarter and full year guidance to fall between $1.060 billion to $1.080 billion. The fourth quarter GAAP diluted earnings per share is also expected to fall within the range of $0.65 to $0.70. The full financial report may be obtained online at http://www.williams-sonomainc.com/.
Williams-Sonoma, Inc. is a specialty retailer of products for the home. The retail segment of the Company’s business sells its products through five retail store concepts: Williams-Sonoma, Pottery Barn, Pottery Barn Kids, West Elm and Williams-Sonoma Home. The direct-to-customer segment of the Company’s business sells similar products through its seven direct-mail catalogs and through six e-commerce Websites. The Company’s Williams-Sonoma stores offer a selection of culinary and serving equipment, including cookware, cookbooks, cutlery, informal dinnerware, glassware, table linens, specialty foods and cooking ingredients. The Company has two segments: retail and direct-to-customer. The catalogs reach customers in the United States, while the five retail concepts, as of February 1, 2009, operated 627 stores in 44 states.
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