Williams-Sonoma, Inc. announces second quarter 2020 results
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Williams-Sonoma (WSM) Tops Q2 EPS by 80c, Revenues Beat
August 26, 2020 4:17 PM EDTWilliams-Sonoma (NYSE: WSM) reported Q2 EPS of $1.80, $0.80 better than the analyst estimate of $1.00. Revenue for the quarter came in at $1.49 billion versus the consensus estimate of $1.47 billion.
SECOND QUARTER 2020
Net revenue growth of 8.8% to $1.491 billion, driven by a significant acceleration in e-commerce revenue growth to approximately 46%E-commerce penetration reached an all-time high of almost 76% of total company revenuesDemand comparable brand revenue growth of almost 19%, which includes orders placed but not yet filled in the quarter (See Exhibit 1)Net comparable brand revenue growth of 10.5%, with sequential and year-over-year... More