Williams-Sonoma, Inc. Company Updates | Glassdoor

Company Updates

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    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.

    Q2 revenues grow 30.7% with comparable brand revenue growth of 29.8%, 2YR comp of 40.3% Q2 GAAP operating margin of 16.6%; Q2 Non-GAAP operating margin expansion of 360bps to 16.7% Q2 GAAP diluted EPS of $3.21; Q2 Non-GAAP diluted EPS of $3.24, increasing 80% Quarterly dividend increase of 20%; new stock repurchase authorization of $1.25 billion Raises full-year 2021 and long-term outlook Williams-Sonoma, Inc.

    Q2 revenues grow 30.7% with comparable brand revenue growth of 29.8%, 2YR comp of 40.3% Q2 GAAP operating margin of 16.6%; Q2 Non-GAAP operating margin expansion of 360bps to 16.7% Q2 GAAP diluted EPS of $3.21; Q2 Non-GAAP diluted EPS of $3.24, increasing 80% Quarterly dividend increase of 20%; new stock repurchase authorization of $1.25 billion Raises full-year 2021 and long-term outlook Williams-Sonoma, Inc.

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    We are thrilled to announce Paula Pretlow has been appointed to its Board of Directors and will also become a member of the Company’s Audit and Finance Committee.

    Williams-Sonoma, Inc. (NYSE: WSM) announced today that Paula Pretlow has been appointed to its Board of Directors and will also become a member of the Company's Audit and Finance Committee. "We are thrilled to have Paula join our Board. Paula has notable leadership experience from some of the world's largest financial institutions," said Laura Alber, President and Chief Executive Officer.

    Williams-Sonoma, Inc. (NYSE: WSM) announced today that Paula Pretlow has been appointed to its Board of Directors and will also become a member of the Company's Audit and Finance Committee. "We are thrilled to have Paula join our Board. Paula has notable leadership experience from some of the world's largest financial institutions," said Laura Alber, President and Chief Executive Officer.

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    We are proud to share our President and CEO, Laura Alber, has been included in Barron's Top CEO List for 2021. Barron’s praised our company for navigating the pandemic with, “the right products and a robust e-commerce operation” under Laura’s leadership as well as our commitments to gender equity and the environment including WSI’s recent announcement of carbon neutrality for our operations by 2025.

    Williams-Sonoma, Inc.'s President and Chief Executive Officer Included in List of Top CEOs Williams-Sonoma, Inc. (NYSE: WSM) the world's largest digital-first, design-led and sustainable home retailer, today shared the news of President and Chief Executive Officer Laura Alber's inclusion on the Barron's Top CEO List 2021. Williams-Sonoma, Inc.

    Williams-Sonoma, Inc.'s President and Chief Executive Officer Included in List of Top CEOs Williams-Sonoma, Inc. (NYSE: WSM) the world's largest digital-first, design-led and sustainable home retailer, today shared the news of President and Chief Executive Officer Laura Alber's inclusion on the Barron's Top CEO List 2021. Williams-Sonoma, Inc.

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    We are thrilled to announce that we have been certified as a great place to work by Great Place to Work US #. Across our business, we are celebrating and appreciating our associates who shared their thoughts on why they love working here and why they are the heart of our home. #WhyWeLoveWSI & #WSIisaGPTW

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    “Williams-Sonoma, Inc is proud to be recognized again this year as one of the companies featured on the prestigious FORTUNE 500 list rising 64 spots in ranking this year. Our CEO Laura Alber is the longest tenured female CEO on the FORTUNE 500 which has 41 female CEOs on this year’s list (an all-time high). We are also proud that WSI is one of only four companies listed on the FORTUNE 500 with both a female CEO and CFO. Our inclusion on the list and our ranking reflects the strength of our business across all brands, and the hard work, passion and commitment of all of our associates.

    This speciality retailer sells products for the home through brands including Williams Sonoma, Pottery Barn, and West Elm.

    This speciality retailer sells products for the home through brands including Williams Sonoma, Pottery Barn, and West Elm.

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    We are proud to report another record quarter of accelerating revenue and profitability with over 40% comp growth and a 950bps expansion in our non-GAAP operating margin. These results were driven by strength across all of our brands. We are seeing strength in our core businesses and our new growth initiatives have outperformed. As re-openings accelerate across the country, a record number of customers continue to shop with us as they invest in their homes. We are honored to be our customers' destination for their entertaining and home furnishings needs as they welcome friends and family back,” said Laura Alber, President and Chief Executive Officer. Read our full press release here: https://ir.williams-sonomainc.com/investor-information/news-releases/news-release-details/2021/Williams-Sonoma-Inc.-announces-strong-first-quarter-results/default.aspx

    Q1 comparable brand revenue growth accelerates to 40.4% Q1 GAAP operating margin of 15.7%; Q1 non-GAAP operating margin expansion of 950bps to 15.9% Q1 GAAP diluted EPS of $2.90; Q1 Non-GAAP diluted EPS of $2.93 Raises full-year 2021 outlook Williams-Sonoma, Inc.

    Q1 comparable brand revenue growth accelerates to 40.4% Q1 GAAP operating margin of 15.7%; Q1 non-GAAP operating margin expansion of 950bps to 15.9% Q1 GAAP diluted EPS of $2.90; Q1 Non-GAAP diluted EPS of $2.93 Raises full-year 2021 outlook Williams-Sonoma, Inc.

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    We are thrilled to be named by Forbes as one of the Best Employers for Diversity in 2021! At Williams-Sonoma, Inc, our goal is to create and nurture a global company culture where we ​​​​​​​confidently bring our authentic selves to work every day: where the only criteria for advancement are the quality of our work, the contributions we make to our teams and the business, and where our individual differences—whatever they may be—are valued, explored and appreciated. Click here to read the full press release: https://lnkd.in/gKsT6Qc

    Where are the most diverse places to work? We polled 30,000 U.S. employees and came up with a ranking of the top 500 large employers and the top 250 midsize ones. Is your company on the list?

    Where are the most diverse places to work? We polled 30,000 U.S. employees and came up with a ranking of the top 500 large employers and the top 250 midsize ones. Is your company on the list?

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    We are Good By Design! In honor of Earth Day, working with the Science Based Targets initiative—the gold standard for goal setting— Williams-Sonoma, Inc. is joining over 1,000 companies reducing their emissions in line with climate science. For details about our commitments and how we’ll get there, click here: https://sustainability.williams-sonomainc.com/wp-content/uploads/2021/04/FINAL_SBT_Summary.pdf #earthday2021 #sciencebasedtargetsinitiative #goodbydesign

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    On Wednesday, we announced operating results for the fourth fiscal quarter and fiscal year 2020. “2020 was a year of challenges and dramatic changes in the way we live. It was also a year where we were pushed to adapt and clarify what is important to us. I could not be prouder of the accomplishments of the team here at Williams-Sonoma. Their dedication was a vital part of our ability to substantially outperform the industry and gain market share. In Q4, despite shipping constraints and low retail traffic, we delivered another quarter of accelerating revenue and profitability with 26% comp growth and over 85% EPS growth. This strong end to the year, combined with our outperformance throughout 2020, drove record fiscal year revenue growth, substantial operating margin expansion and EPS that was almost double that of last year,” said Laura Alber, President and Chief Executive Officer. Thank you to our associates for their incredible efforts during the most challenging of times!

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    On International Women’s Day and throughout the month of March, we will be celebrating the inspiring and impactful women across our business both in the US and globally. Today, we proudly announced the achievement of our 100,000 worker wellbeing goal and our new commitment to empower even more workers in our supply chain by 2030. As many of the workers in our supply chain are women, we believe that it is even more important to provide trainings, resources, and services that are focused on the specific challenges and opportunities faced by women. #internationalwomensday #choosetochallenge

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