From Home Furnishing Business
Williams-Sonoma 4Q Profit Slides
Lifestyle retailer Williams-Sonoma (NYSE: WSM) reported fourth quarter net profit of $141.1 million compared to $147 million in the same quarter last year.
Net sales for the quarter climbed 2.9 percent to $1.59 billion compared to net sales of $1.54 billion in the fourth quarter last year.
Net income for the year ended Jan. 31 was $310.1 million compared to net income in fiscal 2014 $308.9 million. Annual net sales for the year just ended were $4.98 billion compared to $4.7 billion in the prior year.
The complete earnings release is available online.