=Williams-Sonoma (WSM) reported earnings on Wed 24 May 2017 (a/h)

Williams-Sonoma beats by $0.02, reports revs in-line; guides Q2 EPS in-line, revs above consensus; guides FY18 EPS in-line, revs in-line :

• Reports Q1 (Apr) earnings of $0.51 per share, $0.02 better than the Capital IQ Consensus of $0.49; revenues rose 1.3% year/year to $1.11 bln vs the $1.11 bln Capital IQ Consensus.
  • Comparable brand revenue growth of 0.1%.
  • By brand:
    • Pottery Barn -1.4%
    • Williams Sonoma +3.2%
    • West Elm +6.0%
    • Pottery Barn Kids +5.7%
    • PBteen -14.3%
• Co issues guidance for Q2, sees EPS of $0.55-0.61 vs. $0.60 Capital IQ Consensus Estimate; sees Q2 revs of $1.195-1.230 vs. $1.19 bln Capital IQ Consensus Estimate.
• Co issues in-line guidance for FY18, sees EPS of $3.45-3.65 vs. $3.54 Capital IQ Consensus Estimate; sees FY18 revs of $5.165-5.265 vs. $5.2 bln Capital IQ Consensus Estimate.
• "In the first quarter, we saw strong sequential improvement in the Pottery Barn brand, demonstrating the effectiveness of the brand initiatives that we are implementing. West Elm, our newer businesses (Rejuvenation and Mark and Graham), and our company-owned global operations delivered another quarter of double-digit growth, and Williams Sonoma started the year off strongly. We also continued to realize positive results from our supply chain initiatives, as we drive continuous improvements across the organization to deliver increased efficiencies and a superior customer experience."