Williams-Sonoma holiday sales rise, ups Q4 view
From Reuters US Online Report Business News | 2010-01-14 14:09:09
<div><p>(Reuters) - Williams-Sonoma Inc &lt;WSM.N&gt; reported a 7.4 percent rise in holiday revenue, prompting the home goods retailer to forecast fourth-quarter results above market estimates.</p><p>The operator of the Pottery Barn, West Elm and Williams-Sonoma chains has been helped by its decision to offer more lower-priced home decor items and improved holiday merchandise, driving in more shoppers.</p><p>For the holiday period ended December 27, sales increased 7.4 to $783 million.</p><p>The company expects fourth-quarter sales of $1.06 billion to $1.08 billion, with profit between 65 cents and 70 cents a share.</p><p>On an adjusted basis, the company expects earnings of 69 cents a share to 74 cents a share.</p><p>Analysts, on average, were expecting earnings of 50 cents a share, on revenue of $1.03 billion, according to Thomson Reuters I/B/E/S.</p><p>Shares of the company were up 1 percent at $23.05 Thursday. They had closed at $22.75 Wednesday on the New York Stock Exchange</p><p>(Reporting by Nivedita Bhattacharjee in Bangalore; Editing by Jarshad Kakkrakandy)</p><img src="http://admatch-syndication.mochila.com/images/ad.gif?aid=66891337&bid=informcom" /></div><div id="copyright"><div>
Copyright 2010 <a href="http://www.reuters.com/finance">Reuters US Online Report Business News</a></div></div>
Related Video by 5min
Related Articles
- America the Barbaric: Without Universal Health Care We Cannot Be a Great Power Huffington Post | 2010-03-20 16:25:53
- Health care finale ABC 28 Tampa Bay (WFTS) | 2010-03-20 23:58:33
- Obama addresses selling the benefits of new law Washington Post | 2010-03-20 19:29:35
- Brown & Brown buys New Jersey firms Excel and Spirit Tampa Bay Business Journal | 2010-03-20 11:07:01
- As Reform Hangs In Balance, Policy Benefits Continue To Be Discussed Medical News Today | 2010-03-19 06:22:19
- N.E. Editorial Roundup CNBC | 2010-03-20 13:06:13
Related Blogs
- Halvorson, Bean move to yes on health bill Chicago Sun-Times: Lynn Sweet | 2010-03-20 17:18:51
- Military Plans Not Protected Under Obamacare? -- By: Daniel Foster The Corner | 2010-03-20 13:58:48
- Sarah Palin Attacks Obama As Not Having Enough Experience And Being Over His Head On Health Care Reform, Then Can’t Answer How To Increase Coverage For Uninsured NewsHounds | 2010-03-20 10:54:36
- 1,000 Words: Always Be Closing Edition TIME: Swampland | 2010-03-20 12:56:52
- How to improve the bill Marginal Revolution | 2010-03-20 12:46:42
Related Video
- Obama states case for healthcare reform BBC Video World | 2010-03-18 13:56:29
- Crain's Headlines: Chicago Jobs; Big Bonuses CBS2 WBBM Top Stories Video | 2010-03-15 08:18:01
- CBS 2's Mike Flannery On Healthcare Reform CBS2 WBBM Top Stories Video | 2010-03-19 18:52:02