Williams-Sonoma, Inc. is honored to be recognized for our ongoing commitment to diversity, equity and inclusion for the third year in a row. We continue to strive for positive change, guided by the commitments made in our Equity Action Plan. We are dedicated to nurturing a company culture and associate community where everyone can thrive and belong.
We are thrilled to share that Williams-Sonoma, Inc. has been included on Newsweek’s inaugural list of ‘America’s Most Trusted Companies 2022.’ “We are proud that our people-first company culture and our commitment to industry-leading ethical and sustainable business practices continues to build trust with our customers, shareholders and employees,” said Laura Alber, our President and CEO.
Thank you to our Williams-Sonoma, Inc. teams who delivered an extraordinary year and served our customers around the world. “We are thrilled to deliver a strong finish to fiscal 2021, driving record results, with Q4 comps of 10.8% and operating margin expansion of 310 basis points. These results reflect the resilience in our business model, as we successfully navigated unprecedented challenges within the supply chain, material and labor shortages, and capacity limitations from our incredible consumer demand. This resilience, coupled with continued execution in our growth initiatives, fueled an annual comp of 22%; operating margin expansion of 350 basis points; and EPS growth of 64% to $14.85 per share. We are proud of our accomplishments, our record fiscal year results, and the outstanding work of our team. Given the ongoing strength of our business, the continued success of our new initiatives, and our competitive advantages rooted in our key differentiators (our in-house design, our digital-first channel” said Laura Alber, President and Chief Executive Officer.
We are pleased to announce we have once again been named in the Top 10 Companies to Watch for Remote Jobs by Flexjobs. Williams-Sonoma, Inc. remains committed to fostering a virtual environment where connection thrives, and all associates are supported to do their best work. One of our Care Center associates shared some perspective on their experience working at Williams-Sonoma, Inc., “I absolutely love the feeling of family and teamwork, we all help each other and our friends even having not met! It is my most favorite job to date!”
Last year, Pottery Barn launched its commitment to plant 3,000,000 trees by 2023 in partnership with the Arbor Day Foundation. One year later, Pottery Barn President Marta Benson shares the progress to date.
We are proud to report another quarter of record results. Laura Alber, president and CEO of Williams-Sonoma, Inc., said, “As we enter the fourth quarter, we are seeing strong sales and margins continuing. We are thrilled with our customers' response to our holiday and gifting assortments, and we are ready to drive an outstanding finish to the year. With our strong results to date, our winning positioning in the industry, and our outperforming growth strategies, we are more confident than ever in the long-term strength of our business.” To learn more, click the link below for Laura's appearance on Mad Money.
We are excited to announce the opening of the first West Elm store in India, operated by our franchise partner Reliance Brands Limited, in Mumbai Jio World Drive on Thursday, October 7th . Congratulations and many thanks to our global WSI teams and our partners at Reliance Brands Limited for their dedication and passion for our brands.
In January, 2021 @PotteryBarn partnered with @ArborDayFoundation and committed to the ambitious goal of planting 3 million trees in 3 years. We're proud to share that we are well on our way towards reaching this goal and have already planted 1,140,296 trees, each one contributing to cleaner air, purer water, and healthier forests and communities. #Sustainability #GoodbyDesign
Today, we kick off our celebration of Hispanic and Latinx Heritage Month. We are honored to celebrate the histories, culture, and contributions of Americans whose ancestors originated in Spain, Mexico, the Caribbean, and Central and South America, and continue to enrich our company and communities. #hispanicheritagemonth
We are proud to report another quarter of outperformance with a 30% comp, strong growth across all brands and channels, and 360 basis points of operating margin expansion. These second quarter results demonstrate the success of our growth strategies and the earnings power of our company. We have an advantage in the industry due to our exclusive in-house design capability, our channel strategy which is digital-first but not digital only, and our values - with sustainability and equity underlying all that we do," said Laura Alber, President and Chief Executive Officer.