Williams-Sonoma,
Inc. (NYSE: WSM) today announced operating results for the 13 weeks ended
August 4, 2013 ("Q2 13") versus the 13 weeks ended July 29, 2012
("Q2 12").
Net revenues grew 12.3% to $982 million
versus $874 million in Q2 12 with comparable brand revenue growth of 8.4%. Operating margin was 8.0%, equal to
Q2 12. Diluted earnings per
share ("EPS") grew 14.0% to $0.49 compared to Q2 12. Cash returned to stockholders totaled
$120 million comprising $90 million in stock repurchases and $30 million in dividends.
Williams-Sonoma, Inc. (NYS: WSM) announced
plans today for the continued global expansion of its distinguished portfolio
of brands. Through a multi-year agreement with Stores Specialists, Inc.
("SSI"), the Philippines will be the next country in Williams-Sonoma,
Inc.'s strategic global expansion initiative. Pottery Barn and Pottery Barn
Kids will be the first brands to debut and are expected to open in Manila in
early 2014 at Bonifacio High Street, the first main street retail concept in
the Philippines. The agreement with SSI includes development rights in the
Philippines for all brands in the Williams-Sonoma, Inc. portfolio including:
Williams-Sonoma, Pottery Barn, Pottery Barn Kids, PBteen and West Elm.
