Williams-Sonoma (NYSE:WSM) posted its quarterly earnings results late in the afternoon today, accruing a strong profit that helped to lift WSM stock after the bell–an encouraging guidance for the new fiscal year also played a role in shares gaining.
The San Francisco-based kitchenware and home furnishings business tallied up a fourth-quarter income of $2.10 per share, ahead of the $1.96 per share that the Wall Street guidance predicted. Revenue was also ahead of the mark at $1.84 billion as analysts saw the company raking in sales of $1.8 billion.
Both figures were also above Williams-Sonoma’s fourth-quarter guidance — which it shared during its third-quarter report in November — that predicted earnings of $1.88 to $1.99 per share. The company also saw revenue as reaching somewhere between $1.73 billion and $1.83 billion.
Consensus Metrix predicted that the business’ sales would be higher by 1.1% when compared to the year-ago quarter, and the company shattered this projection as its comps gained 2.4%. This metric was up 0.1% at Williams-Sonoma brand stores, down 0.4% at Pottery Barn, as well as up 11.1% at West Elm.
Analysts saw Williams-Sonoma stores as bringing in a comps gain of 1.1%, up 0.8% at Pottery Barn and gaining 6.9% at West Elm.
For its fiscal 2019, the business is calling for earnings of $4.60 per share at its midpoint guidance, ahead of the $4.47 per share that Wall Street predicts. The company sees its salted at around $5.67 billion to $5.84 billion, compared to analysts’ $5.74 billion.
WSM stock is up 2.6% after hours Wednesday following the strong quarterly results. Shares had been up 0.2% during regular trading hours in anticipation of the company’s results.