Thursday, August 25, 2016

Williams-Sonoma not feeling too bullish

Williams-Sonoma Inc. reported mixed results for the second quarter, and issued a weak outlook for the current quarter amid "a more cautious consumer.”

The retailer reported net earnings of $51.8 million for the quarter ended July 31, compared with $53.7 million in the year-ago period.

Net revenues increased 2.1% to $1.16 billion, short of expectations, up from $1.13 billion last year. . . . more

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