=Williams-Sonoma (WSM) reported earnings on Thur 15 Nov 2018 (a/h)

 Williams-Sonoma beats by $0.01, reports revs in-line; guides Q4 EPS in-line, revs in-line

• Reports Q3 (Oct) earnings of $0.95 per share, excluding non-recurring items, $0.01 better than the S&P Capital IQ Consensus of $0.94; revenues rose 4.4% year/year to $1.36 bln vs the $1.36 bln S&P Capital IQ Consensus
  • Comparable brand revenue growth of 3.1%
• Co issues in-line guidance for Q4, sees EPS of $1.89-1.99, excluding non-recurring items, vs. $1.98 S&P Capital IQ Consensus; sees Q4 revs of $1.73-1.83 bln vs. $1.81 bln S&P Capital IQ Consensus
• Comparable Brand Revenue Growth = 0.0-5.0%

Williams-Sonoma also announces plans to introduce Pottery Barn, Pottery Barn Kids, and West Elm to India through a franchise agreement with partner Reliance Brands Limited

The opening of the brands' first stores will take place in Mumbai, India in early 2020, along with the launch of e-commerce websites.