Why Williams-Sonoma Stock Jumped More Than 10% Today
Shares of Williams-Sonoma (NYSE: WSM) were up 13.9% as of 1:07 p.m. ET on Thursday after the company delivered better-than-expected earnings results. Comparable store-sales growth was strong, coming in at 9.5%. That represents an increase of 49.5% on a two-year basis.
Even more important was a slight improvement in gross margin, which shows the company handling the supply chain issues and inflationary environment well. The stock is down 22% year to date but has more than doubled over the last five years.
Williams-Sonoma is delivering balanced top- and bottom-line growth, which is not easy in this challenging economic environment for a retail stock. Even the company's two store brands, Pottery Barn and West Elm, reported balanced comp store-sales growth in the low double digits.
Source Fool.com
