Shares of Williams-Sonoma Inc. WSM climbed 3.3% in premarket trading Thursday, after the home products retailer reported fiscal fourth-quarter profit that beat expectations even as revenue missed, and raised its dividend by 15%. Net income fell to $355.0 million, or $5.28 a share, from $402.9 million, or $5.41 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of $5.50 beat the FactSet consensus of $5.46. Revenue slipped 1.9% to $2.
9 million, or $5.41 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of $5.50 beat the FactSet consensus of $5.46. Revenue slipped 1.9% to $2.45 billion, below the FactSet consensus of $2.61 billion, as Pottery Barn revenue rose 5.0% to $967 million, while Williams Sonoma revenue fell 5.1% and West Elm revenue dropped 10.7%.
What recession? 🤷🏻♂️