Williams-Sonoma's diluted earnings per share popped up 29.2%, to 31 cents, during the quarter, which ended Oct. 30. Net sales rose 14.5%, to $827.6 million, driven by the retailer's Pottery Barn, West Elm, Pottery Barn Kids and Williams-Sonoma chains.

Same-store sales at Williams-Sonoma's 15 outlet stores led the company, with a 16% leap. Pottery Barn's 188 units rose 5.5%, while Pottery Barn Kids' 88 stores were up 3.8%. The 256 Williams-Sonoma stores crept up 1.3%. The company's 11 Hold Everything organizational stores plunged 7.4%.

Meanwhile, the company is slowly rolling out its new chains, which executive call "emerging brands." Williams-Sonoma opened its first three William-Sonoma Home units during the quarter, in Cincinnati, Indianapolis and Los Angeles. The company opened one West Elm store, an urban home-furnishings concept, bringing the chain to eight units. "Over time, West Elm has the potential to become one of our largest brands," said company CEO Ed Mueller on the retailer's quarterly conference call.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.