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Williams-Sonoma profit up 19% in Q3
San Francisco – Williams-Sonoma Inc. reported Thursday that profit for the third quarter rose 19% to $43.4 million, from $36.5 million in the same period last year.
Revenue rose 6% to $867.2 million, compared with $815.5 million last year and solidly beating Wall Street’s expected $855.7 million in revenue.
Same-store sales overall rose 7.3%, comprised of a 7% rise in the company’s Pottery Barn stores, a 5.2% rise at Pottery Barn Kids and a 27% surge at West Elm. Same-store sales at namesake stores were up a slight 0.1%. -
Williams-Sonoma gets home furnishings "Rejuvenation"
SAN FRANCISCO — Williams-Sonoma has acquired Rejuvenation Inc. for an undisclosed price, the company announced last week. Rejuvenation Inc., is a manufacturer of such products as door and cabinet hardware as well as reproduction lighting that is sold through its catalog, website and retail stores in Portland, Ore., Seattle, Wash., and Los Angeles.