Williams-Sonoma Beats on Both Top and Bottom Lines
Dec 11th 2012 9:01AM
Updated Dec 11th 2012 9:04AM
Williams-Sonoma (NYS: WSM) reported earnings on Dec. 7. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Oct. 28 (Q3), Williams-Sonoma beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share increased significantly.
Margins expanded across the board.
Williams-Sonoma tallied revenue of $944.6 million. The 24 analysts polled by S&P Capital IQ wanted to see revenue of $922.2 million on the same basis. GAAP reported sales were 8.9% higher than the prior-year quarter's $867.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.49. The 24 earnings estimates compiled by S&P Capital IQ forecast $0.46 per share. GAAP EPS of $0.49 for Q3 were 20% higher than the prior-year quarter's $0.41 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 52.8%, 10 basis points better than the prior-year quarter. Operating margin was 8.4%, 50 basis points better than the prior-year quarter. Net margin was 5.2%, 20 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.40 billion. On the bottom line, the average EPS estimate is $1.30.
Next year's average estimate for revenue is $4.04 billion. The average EPS estimate is $2.55.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 216 members out of 313 rating the stock outperform, and 97 members rating it underperform. Among 89 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 74 give Williams-Sonoma a green thumbs-up, and 15 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Williams-Sonoma is outperform, with an average price target of $44.15.
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The article Williams-Sonoma Beats on Both Top and Bottom Lines originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Motley Fool newsletter services recommend Williams-Sonoma. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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