TITLE

Strong Sales Boost Profits at Williams-Sonoma

AUTHOR(S)
Hogsett, Don
PUB. DATE
May 2005
SOURCE
Home Textiles Today;5/30/2005, Vol. 26 Issue 37, p15
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article informs that first quarter profits at Williams-Sonoma Inc. jumped 22.4 percent, to $26.2 million from $21.4 million last year, aided by stronger sales, widening margins and a better instock position, notably at the Pottery Barn franchise. Sales at the diversified retailer climbed at a double-digit pace, improving 12.4 percent, to $720.7 million from $640.9 million during the same period last year. Driving the big earnings gain, in addition to stronger sales, average gross margin grew substantially, 120 basis points, or 1.2 percentage points, to 39.5 percent from 38.3 percent.
ACCESSION #
17197878

 

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