Williams-Sonoma Reports Strong First Quarter 2018 Results

May 24, 2018  by Jason Schneider in Financial Reports, Industry   

Highlights included a net revenue growth of 8.2%, comparable brand revenue growth of 5.5%, and e-commerce net revenue growth to 53.7% of total company net revenues.

Net revenue guidance for fiscal year 2018 was raised to $5,495 billion-$5,655 billion.

“Following a robust fourth quarter, we saw continued strength in the first quarter. We achieved strong results against our guidance range across all metrics, with our e-commerce revenues outpacing to almost 54% of our total revenues. Our customer growth continued to trend positively for both new and existing customers, demonstrating the success of our balanced customer acquisition strategy,” said Laura Alber, president and CEO.

“These results speak to the power of our established multi-channel model, distinctive brand portfolio and world-class customer service heritage—all of which are our company’s competitive strengths. Based on this strong start to the year, we are raising our full year guidance for net revenues by $20 million and for EPS by $0.03,” she added.