The world’s largest digital-first home products retailer, Williams-Sonoma (NYSE:WSM), capitalized on the industry tailwinds to deliver impressive financials in its last quarter. But will the company be able to maintain its growth trajectory in the coming quarters? Read more to find out.San Francisco-based Williams-Sonoma, Inc. (WSM) is the world’s largest digital-first, design-led and sustainable home improvement products retailer, with a $14.02 billion market cap. With the rising demand for home furnishings and related products as people get accustomed to remote lifestyles, WSM’s profit margins have increased significantly.
In its fiscal second quarter, ended August 1, WSM’s revenues increased 30.7% year-over-year to $1.95 billion. It surpassed a $1.81 billion consensus revenue estimate by 7.7%. Its EPS came in at $3.21, which was 23.5% higher than the Street’s $2.60 estimate. Its EBT and net income improved 80.6% and 82.90%, respectively, from the prior-year quarter to $323.14 million and $246.07 million.
Shares of WSM have gained 10.3% in price since the earnings report was released on August 25.