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Smart investments help deliver Williams-Sonoma's best Q1
SAN FRANCISCO — Williams-Sonoma's net revenues increased 6.1% to $818 million from $771 million in the first quarter of fiscal 2011 ended May 1, 2011. Comparable brand revenue increased 5.4%. Diluted earnings per share was 30 cents versus 29 cents in the first quarter of 2011. On a non-GAAP basis, EPS for the quarter increased 13% to 34 cents versus 30 cents in the same period last year.
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Lowe’s reports sales, earnings gains on warmer weather
New York -- Lowe’s reported net earnings of $527 million for the quarter ended May 4, a 14.3% increase over the same period a year ago.
Sales for the quarter increased 7.9% to $13.2 billion, from $12.2 billion in the first quarter of 2011.
Comparable-store sales for the quarter increased 2.6%, while comparable-store sales for the U.S. business increased 2.7%.