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Williams Sonoma Earnings Call 
Williams Sonoma Earnings Call, Third Quarter 2008
30th December 2008 00:00 AM
With declining revenues and earnings, the firm is taking dramatic action to protect the bottom line by cutting expenses and reducing Capex.
The retailer reported a 16% drop in revenues to $752 million on weak comparable store sales and decreases in catalog and paid circulation. As a result, it realized a loss of $11 million or 10 cents a share, forcing the termination of the share repurchase program authorized in January 2008.
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Williams-Sonoma Earnings Call, First Quarter 2008
9th June 2008 00:00 AM
Profit declined to $10.4 million as the soft U.S. economy and weak housing market hurt sales.
Net revenues decreased 4.2% to approximately $782 million. Comparable store sales decreased 9%. Gross margin, expressed as a percentage of net revenue, was 35.3% versus 37% in Q1 2007. The effective income tax rate was 38.8% versus 40.3% in Q1 2007, driven by certain favorable income tax resolutions in Q1 2008. Net revenues in fiscal year 2008, a 52-week year, are projected to be in the range of $3.738 billion to $3.804 billion.
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Williams-Sonoma Fourth Quarter Earnings Call
4th April 2008 00:00 AM
The management announced an increase in quarterly cash dividend by 4.3% from 11.5 cents to 12 cents per common share.
The nationwide specialty retailer of high quality home products posted full year diluted EPS of $1.76 versus $1.79 last year and fourth quarter earnings results at the high of estimates, helped by strong brands and marketing expertise. The company continued with the share repurchase program, with a total annual outlay of $190.4 million at a weighted average cost of $30.73 per share. The management now anticipates full year 2008 net revenues in the range $3.793 billion to $3.877 billion.
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Williams-Sonoma Second Quarter Earnings Call
6th September 2007 00:00 AM
The net income dropped to $26 million or 23 cents a share versus $35.6 million or 30 cents per share in the prior year quarter.
The leading retailer of home furnishings reported revenue of $859 million, up 4.1% from the prior year. The company witnessed challenging furniture sales environment mainly due to slowdown in the housing market. The gross margin of Williams-Sonoma dropped due to increased markdowns, higher cost of merchandise sold in Pottery Barn and Pottery Barn Kids brands as well as increased occupancy costs. For Q3, net revenues are projected to be in the range of $887 million to $907 million.
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Williams-Sonoma Fourth Quarter Earnings Call
4th April 2007 00:00 AM
Revenue rose 3.3% to $1.254 billion over $1.214 billion in Q4 2005. Retail revenue rose 3.8%, due to increase in leased square footage over Q4 2005.
Home furnishings retailer, Williams-Sonoma, reported that net earnings of $121.064 million versus $120.783 million in Q4 2005 and non GAAP earnings per share excluding unusual business events and new accounting pronouncements fell 0.9% to $1.08, versus $1.09 in Q4 2005. Quarterly comparable store sales fell by 0.6%, over Q4 2005. The company guided earnings per share for fiscal 2007 in the range of $1.76 to $1.84 and net revenues in the range of $3.941 billion to $4.027 billion.
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