Williams Sonoma announces $1 billion stock buyback, shares hit record high
MILAN — San Francisco Williams-Sonoma-based home retailer Inc. Numbers are suffering due has losses directed by West Elm, but Wall Street doesn't seem Also worried.
It is actions, which trade below THE teleprinter WSM on THE New York Action Exchange, pink 46.8 percent has A high of $283.87 Wednesday, After THE business raised It is dividend by 26 percent And announcement A new $1 billion share redemption program, substitute THE the company current action redemption authorization.
Full year sales And net profit beat business expectations issued In November. For THE tax year finished Jan. 28, sales fell 9.9 percent has $7.75 billion, beat expectations that income would be autumn between ten And 12 percent.
Related ArticlesSales has West Elm, which THE business East functioning has turn around, fell has $1.86 billion Since $2.28 billion. We are seeing Really strong results…with THE new product offer It is heart And THE new design language that We have brought out And THE new modern shapes," said Williams-Sonoma president And chief executive officer Laura Albert In answer has analyst questions about It is performance.
"We outperformed In 2023 despite THE the slowest accommodation walk In several decades And geopolitics troubles. Although This under pressure OUR First line orient yourself, We stayed concentrate on full price sale, provide chain efficiencies And best in class customer service," Albert said, enthusiastic about recent collaborations with interior expiters as interior designate Sheila Bridges. Williams Sonoma Property Pottery barn brand recently collaborated with Aerine Lauder For A Pottery barn Children line.
In 2024, THE business said will continue has be A year of macroeconomic uncertainty. "Lower interest rates could spur THE accommodation walk And change consumer expenses has House, but Hourly East hard has predict. There East Also THE election And global geopolitics tension," said Jeff Howie Williams-Sonoma executive vice president And chief financial officer during THE call.
"THE Red Sea disturbance East pretty terrible; However, he East not cost We more money. SO far he East cost We about ten days of delivery, give Or take," Albert said.
Following year, THE business waits net income has be In THE range of down 3 percent has up 3 percent And Operating margin between 16.5 And 16.8 percent. THE business has reserve $250 million In capital spent has invest In long term growth, 75 percent of which will be dedicated has to drive e-commerce direction And provide chain efficiency. "We to wait for has continue has back excess species has OUR shareholders In THE form of increase quarterly dividend payments And in progress share redemptions. »
Albert Also said that THE business East look For space In new, vibrant centers, Or THE business would be pay less And THE finance are strong, as certain leases come up For renewal.
MILAN — San Francisco Williams-Sonoma-based home retailer Inc. Numbers are suffering due has losses directed by West Elm, but Wall Street doesn't seem Also worried.
It is actions, which trade below THE teleprinter WSM on THE New York Action Exchange, pink 46.8 percent has A high of $283.87 Wednesday, After THE business raised It is dividend by 26 percent And announcement A new $1 billion share redemption program, substitute THE the company current action redemption authorization.
Full year sales And net profit beat business expectations issued In November. For THE tax year finished Jan. 28, sales fell 9.9 percent has $7.75 billion, beat expectations that income would be autumn between ten And 12 percent.
Related ArticlesSales has West Elm, which THE business East functioning has turn around, fell has $1.86 billion Since $2.28 billion. We are seeing Really strong results…with THE new product offer It is heart And THE new design language that We have brought out And THE new modern shapes," said Williams-Sonoma president And chief executive officer Laura Albert In answer has analyst questions about It is performance.
"We outperformed In 2023 despite THE the slowest accommodation walk In several decades And geopolitics troubles. Although This under pressure OUR First line orient yourself, We stayed concentrate on full price sale, provide chain efficiencies And best in class customer service," Albert said, enthusiastic about recent collaborations with interior expiters as interior designate Sheila Bridges. Williams Sonoma Property Pottery barn brand recently collaborated with Aerine Lauder For A Pottery barn Children line.
In 2024, THE business said will continue has be A year of macroeconomic uncertainty. "Lower interest rates could spur THE accommodation walk And change consumer expenses has House, but Hourly East hard has predict. There East Also THE election And global geopolitics tension," said Jeff Howie Williams-Sonoma executive vice president And chief financial officer during THE call.
"THE Red Sea disturbance East pretty terrible; However, he East not cost We more money. SO far he East cost We about ten days of delivery, give Or take," Albert said.
Following year, THE business waits net income has be In THE range of down 3 percent has up 3 percent And Operating margin between 16.5 And 16.8 percent. THE business has reserve $250 million In capital spent has invest In long term growth, 75 percent of which will be dedicated has to drive e-commerce direction And provide chain efficiency. "We to wait for has continue has back excess species has OUR shareholders In THE form of increase quarterly dividend payments And in progress share redemptions. »
Albert Also said that THE business East look For space In new, vibrant centers, Or THE business would be pay less And THE finance are strong, as certain leases come up For renewal.
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