Daily News
From Home Furnishing Business
Williams-Sonoma 2Q Sales Climb 8.5%
August 27,
2015 by in Economic News, Furniture Retailing, Industry 
Lifestyle retailer Williams-Sonoma (NYSE: WSM) posted net income of $53.7 million for the second quarter ended Aug. 2 compared to net income of $50.7 million in the same quarter last year.
Second quarter net sales for the retailer—parent of Pottery Barn and West Elm hit $1.13 billion, an 8.5 percent increase from $1.04 billion in the same period last year.
“We are pleased to have delivered another quarter of solid performance, once again demonstrating the competitive advantage from our multi-brand, multi-channel, business model,” said Laura Alber, president and CEO.
The company’s e-commerce second quarter net sales climbed 9.1 percent to $570 million from $523 million in the second quarter of last year.
Net income for the first half of the year was $98.5 million compared to $96.9 million in the first half of 2014. Net sales for the just ended, six-month period hit $2.2 billion compared to six-month net sales of $2 billion during the same period last year.
The complete earnings release is available online.