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Williams-Sonoma earnings boosted by stay-at-home trends, shares rise

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Pedestrians walk in front of a Williams-Sonoma Inc. store in San Francisco, California.

David Paul Morris | Bloomberg | Getty Images

Williams-Sonoma posted fourth-quarter earnings Wednesday that beat analysts’ expectations as consumers continued to shop for furniture and cookware as they spent more time at home during the coronavirus pandemic.

The company’s stock rose more than 11% in extended trading, as the company expects its growth to continue in the year ahead.

Here’s what the company reported for the fourth quarter ended Jan. 31, compared with what Wall Street analysts expected, using a survey from Refinitiv: 

  • Earnings per share: $3.95 adjusted vs. $3.39 expected 
  • Revenue: $2.29…



Source cnbc.com

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