Williams-Sonoma reported earning after the close.The world’s largest digital-first, design-led and sustainable home retailer beat earnings estimates and grew revenue 25% YoY. Woohoo!
Here are the numbers:
EPS: $3.95 vs $3.30 est.
Revenue: $2.29B, +24.5% YoY
The company also increased its dividend by 11%, and announced a $1B buyback.
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Laura Alber, President and Chief Executive Officer, shared:
Our decisions to increase our quarterly dividend, to approve a new $1 billion share buyback authorization and to eliminate all outstanding funded debt reflect our confidence in the long-term outlook of our company, and our commitment to maximizing returns for our shareholders.
$WSM is trading above $150 after hours. Check out the daily chart:
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