Thursday, March 16, 2017

Williams-Sonoma Q4 profit tops Street

Williams Sonoma Inc. on Wednesday reported adjusted fourth-quarter earnings above expectations and said its board of directors authorized a dividend increase.
 
The retailer earned $145 million in the quarter ended January 29, compared with $141 million in the year-ago period.
 
Sales fell to $1.582 billion from $1.586 billion a year ago. Online revenues increased 2.2% to $809 million from $792 million in the year ago-period. E-commerce generated 51.1% of total company net revenues the fourth quarter and 49.9% of total company net revenues in the full year.. . . more

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