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Williams-Sonoma, Inc. (WSM) operates as a multi-channel specialty retailer of various products for home.
The company operates through two segments, E-commerce and Retail.
It offers cooking, dining, and entertaining products, such as cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma brand, as well as home furnishings and decorative accessories under the Williams Sonoma Home brand; and furniture, bedding, bathroom accessories, rugs, curtains, lighting, tabletop, outdoor, and decorative accessories under the Pottery Barn brand.
The company also provides home decor products under the West Elm brand; products designed for creating spaces where children could play, laugh, learn, and grow under the Pottery Barn Kids brand; and line of furniture, bedding, lighting, decorative accents, and others for teen bedrooms, dorm rooms, study spaces, and lounges under the PBteen brand.
In addition, it offers a range of assortments of lighting, hardware, furniture, and home décor inspired by history under the Rejuvenation brand; and women's and men's accessories, small leather goods, jewelry, key item apparel, paper, entertaining and bar, home décor, and seasonal items under the Mark and Graham brand.
The company markets its products through e-commerce Websites, direct mail catalogs, and retail stores. As of February 3, 2019, it operated 625 stores comprising 579 stores in 43 states, Washington, D.C., and Puerto Rico; 24 stores in Canada; 19 stores in Australia; and 3 store in the United Kingdom, as well as 108 franchised stores, as well as e-commerce Websites in various countries in the Middle East, the Philippines, Mexico, and South Korea.
On August 28th, Williams-Sonoma (WSM) reported 2nd Quarter July 2019 earnings of $0.87 per share on revenue of $1.4 billion. The consensus earnings estimate was $0.83 per share on revenue of $1.3 billion. Revenue grew 7.5% on a year-over-year basis.
The company said it expects fiscal year earnings of $4.60 to $4.80 per share on revenue of $5.74 billion to $5.90 billion. The company's previous guidance was earnings of $4.55 to $4.75 per share on revenue of $5.67 billion to $5.84 billion and the current consensus earnings estimate is $4.67 per share on revenue of $5.76 billion for the year ending January 31, 2020.
Shares have formed a bullish "wedge" and are expected to move higher from this formation.
Entry Point: $67.00
Trading Range: $45.00 to $70.58
Stop Loss: $63.50
Target Price: $73.70
WSM closed at $72.41
