Williams-Sonoma Inc. (NYSE:WSM) common shares rose over 10% heading into the midday trading hours. WSM shares have climbed over $3.50 per share on nearly 3 million shares traded this morning. These solid earnings are due in large part to the release of Williams-Sonoma Inc’s Q4 earnings press release.
During the fourth quarter last year WSM earned $113.4 million or $1.05 per share up from $88.4 or $.81 a share from Q4 of 2009. While besting Wallstreet revenue estimates by nearly 10% as online sales increased 27%. Williams-Sonoma also showed strong revenue increase across the board at retail outlets open at least a year(11%), including Pottery Barn stores(8.9%) and Pottery Barn Kids(4.6%).
Williams-Sonoma annual revenue rose 13% to $3.5 billion in 2010 up from $3.1 billion in 2009. Analysts predict another strong year for the San Francisco based company including full year earnings of $2.11 per share and a revenue of nearly $3.65 billion.
The company is a San Francisco based home products company that features several subsidiary brands including Pottery Barn, Pottery Barn Kids, West Elm, and its own name sake stores