By Kuldip K. Ambastha
Williams-Sonoma, Inc. (WSM), a home products retailer, had two strongly positive daily returns to end this past trading week: +18.5% (Thursday, March 18, 2021) and +8.2% (Friday, March 19, 2021). For the most recent fiscal quarter, the company exceeded consensus estimates related to earnings and revenues. All of its underlying brands plus its e-commerce division did well during the quarter. Due to the global coronavirus (COVID-19) public health pandemic, people have been spending most of their time at home and this has benefited Williams-Sonoma significantly. Starting with the next dividend payout, the stock’s quarterly dividend will be increased by +11.3%. A $1 billion share repurchase plan will be administered in the future as well. In short, the company had its most profitable quarter ever.
Keywords – Williams-Sonoma, Inc., Williams-Sonoma, WSM, home products, retailer, quarter, quarterly, earnings, revenues, global, coronavirus, COVID-19, public health, pandemic, dividend payout, share repurchase plan, most profitable quarter ever.
Disclosure – The principals and clients of Ambastha Financial LLC have no positions in WSM.
Disclaimer – No recommendations are being made via this post. Past performance is not an indicator of future performance. As an investor, you should do your own research and seek professional advice from a Registered Investment Adviser (RIA). You can lose money by investing in stocks and other instruments. Ambastha Financial LLC does not assume any responsibility (legal or otherwise) for any losses that may occur as a result of actions taken based on this post. All content copyrighted © 2021 – Ambastha Financial LLC.