Williams-Sonoma profit up better-than-expected 28% |
| MarketWatch - Mar 15, 2011 |
Home furnishings and kitchen gadgets retailer Williams-Sonoma Inc. said Tuesday its fiscal fourth-quarter earnings rose a better-than-expected 28%, helped by demand at both its namesake chain and Pottery Barn stores and online orders.
Net income rose to $113.4 million, or $1.05 a share, from $88.4 million, or 81 cents a share, in the year-ago period. Revenue rose nearly 10% to $1.2 billion.
On an adjusted basis, the San Francisco retailer said it earned $1.08 a share in the recent quarter. Analysts polled by FactSet Research were looking for earnings of 98 cents a share, on average.
The company /quotes/comstock/13*!wsm/quotes/nls/wsm (WSM 38.73, +3.75, +10.72%) forecast adjusted profit of 26 cents to 28 cents a share in the first quarter and $2.11 to $2.19 for the year. Analysts surveyed by FactSet estimated profit of 27 cents a share in the first quarter and $2.11 for the current year.
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- Posted: 2011-03-15 10:54:23
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