WSM Williams-Sonoma, Inc.
Williams-Sonoma, Inc. engages in the retailing of home products. It operates through the following segments: Pottery Barn; West Elm; Williams Sonoma; Pottery Barn Kids and Teen; and Other. The Other segment include net revenues from international franchise operations, Rejuvenation and Mark and Graham. The company was founded by Charles E. Williams on September 15, 1956 and is headquartered in San Francisco, CA.
Company profile
Ticker
WSM
Exchange
Website
CEO
Laura Jean Alber
Employees
Incorporated in
Location
Fiscal year end
Sector
Industry (SEC)
SEC CIK
Corporate docs
IRS number
942203880
WSM stock data
()
Calendar
8 Jun 20
3 Jul 20
29 Jan 21
News
Company financial data Financial data
| Quarter (USD) | May 20 | Feb 20 | Nov 19 | Aug 19 | |
|---|---|---|---|---|---|
| Revenue | 1.24B | 1.84B | 1.44B | 1.37B | |
| Net income | 35.42M | 166.05M | 74.71M | 62.65M | |
| Diluted EPS | 0.45 | 2.1 | 0.94 | 0.79 | |
| Net profit margin | 2.87% | 9.01% | 5.18% | 4.57% | |
| Operating income | 48.65M | 203.69M | 101.89M | 86.17M | |
| Net change in cash | 428.84M | 277.14M | 34.56M | 12.78M | |
| Cash on hand | 861M | 432.16M | 155.03M | 120.47M |
| Annual (USD) | Feb 20 | Feb 19 | Jan 18 | Jan 17 | |
|---|---|---|---|---|---|
| Revenue | 5.9B | 5.67B | 5.29B | 5.08B | |
| Net income | 356.06M | 333.68M | 259.55M | 305.39M | |
| Diluted EPS | 4.49 | 4.05 | 3.02 | 3.41 | |
| Net profit margin | 6.04% | 5.88% | 4.90% | 6.01% | |
| Operating income | 465.87M | 435.95M | 453.81M | 472.6M | |
| Net change in cash | 93.21M | -51.18M | 176.42M | 20.07M | |
| Cash on hand | 432.16M | 338.95M | 390.14M | 213.71M |
Financial data from company earnings reports
Recent insider trades
| Date | Owner | Security | Transaction | Code | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|
| 9 Jun 20 | Ross Ryan | Common Stock | Sell | Dispose S | 86.09 | 8,000 | 688.72K | 8,256 |
| 5 Jun 20 | Bellos Alex | Common Stock | Payment of exercise | Dispose F | 85.01 | 3,294 | 280.02K | 19,341 |
| 5 Jun 20 | Bellos Alex | Common Stock | Option exercise | Aquire M | 0 | 6,189 | 0 | 22,635 |
| 5 Jun 20 | Bellos Alex | RSU Common Stock | Option exercise | Dispose M | 0 | 6,189 | 0 | 6,190 |
| 2 Jun 20 | Bellos Alex | Common Stock | Sell | Dispose S | 83.47 | 8,267 | 690.05K | 16,446 |
| 2 Jun 20 | Benson Marta | Common Stock | Sell | Dispose S | 82.7 | 12,000 | 992.4K | 24,627 |
| 2 Jun 20 | King David Randolph | Common Stock | Sell | Dispose S | 83.22 | 3,840 | 319.56K | 17,016 |
| 2 Jun 20 | King David Randolph | Common Stock | Sell | Dispose S | 82.68 | 21,815 | 1.8M | 20,856 |
| 2 Jun 20 | King David Randolph | Common Stock | Sell | Dispose S | 81.19 | 3,900 | 316.64K | 42,671 |
Institutional ownership Q1 2020
99.3% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 388 |
| Opened positions | 43 |
| Closed positions | 88 |
| Increased positions | 143 |
| Reduced positions | 143 |
13F shares |
Current |
|---|---|
| Total value | 35.1B |
| Total shares | 77.22M |
| Total puts | 400K |
| Total calls | 540.4K |
| Total put/call ratio | 0.7 |
Largest owners |
Shares | Value |
|---|---|---|
| Capital Research Global Investors | 8.25M | $350.8M |
| Vanguard | 7.54M | $320.69M |
| BLK BlackRock | 7.11M | $302.3M |
| Aristotle Capital Management | 5.18M | $220.28M |
| FMR | 4.63M | $196.98M |
| Blackhill Capital | 3.97M | $168.93M |
| JHG Janus Henderson | 3.24M | $137.95M |
| STT State Street | 2.49M | $106.06M |
| HS Management Partners | 2.37M | $100.8M |
| Alliancebernstein | 1.87M | $79.67M |
Financial report summary
?Management Discussion
- Net revenues in the first quarter of fiscal 2020 decreased by $5,929,000, or 0.5%, compared to the first quarter of fiscal 2019, with comparable brand revenue growth of 2.6%. This slight decline was primarily driven by the temporary closure of all 616 of our retail stores throughout the back half of the quarter due toCOVID-19,
- For the first quarter of fiscal 2020, we delivered positive comparable brand revenue growth in almost all of our brands. In the Williams Sonoma brand, we saw growth in nearly all merchandise categories, with particular strength in electrics, cookware, food and housewares. Growth in Pottery Barn Kids and Teen accelerated even further this quarter. As a business that generated the majority of its revenues in fiscal 2019 from online sales, we were primed to meet the surge in demand for children’s home furnishings as schools and childcare centers closed nationwide, and parents turned to us for study and playroom solutions to keep their children occupied at home. In West Elm, furniture continued to lead our growth in the first quarter with strong demand for our expanded outdoor assortment, as well as home office furniture. In the Pottery Barn brand, despite a decline in comparable brand revenues for the quarter, we began the quarter with positive trends in all product divisions and ouron-line
- Across the company, we implemented planned reductions in selling, general and administrative expenses, inventory and capital expenditures and we will continue to prioritize investments in strategic priorities. In order to further bolster our financial flexibility, we also increased our liquidity position. As of May 3, 2020, we now have over $860,000,000 in cash as a result of our performance and our decision to draw down on our existing revolving line of credit. Additionally, subsequent to quarter end, we also were able to obtain additional liquidity through the extension of our $300,000,000 term loan and an additional $200,000,000 in an unsecured364-day
Content analysis
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8th grade Good
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New words:
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Removed:
adjustment, amortized, application, apply, assessing, assumed, baby, billion, Bulletin, burden, calculate, Chairman, combined, commencement, comparative, conform, conversion, core, cumulative, deductible, determination, Director, division, documentation, earliest, ease, easier, emerging, environment, execution, FASB, finalize, Howard, identifiable, implicit, improving, index, intellectual, investment, July, landlord, lessor, Lester, life, McMahan, membership, merchandising, met, minimum, modified, opening, Operationally, package, partnership, prepaid, remeasure, renewal, retained, retrospective, room, SAB, set, shared, simplify, statement, stockholder, structured, Sublease, Supplemental, talent, targeted, Tennessee, termination, threshold, tracking, transition, unrelated, utilized, virtually
Financial reports
10-Q
2020 Q1
Quarterly report
8 Jun 20
10-K
2019 FY
Annual report
27 Mar 20
10-Q
2020 Q3
Quarterly report
12 Dec 19
10-Q
2020 Q2
Quarterly report
12 Sep 19
10-Q
2020 Q1
Quarterly report
14 Jun 19
10-K
2019 FY
Annual report
4 Apr 19
10-Q
2018 Q3
Quarterly report
7 Dec 18
10-Q
2018 Q2
Quarterly report
7 Sep 18
10-Q
2018 Q1
Quarterly report
8 Jun 18
10-K
2017 FY
Annual report
29 Mar 18
Current reports
8-K
Amendments to Articles of Incorporation or Bylaws
9 Jun 20
8-K
Williams-Sonoma, Inc. announces strong results for the first quarter of 2020
28 May 20
8-K
Entry into a Material Definitive Agreement
15 May 20
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
23 Mar 20
8-K
Williams-Sonoma, Inc. announces strong fourth quarter and fiscal year 2019 results
18 Mar 20
8-K
Williams-Sonoma, Inc. Announces Election of
9 Mar 20
8-K
Departure of Directors or Certain Officers
24 Jan 20
8-K
Departure of Directors or Certain Officers
16 Dec 19
8-K
Williams-Sonoma, Inc. reports strong results for the third quarter of 2019
21 Nov 19
8-K
Entry into a Material Definitive Agreement
29 Aug 19
Registration and prospectus
S-8
Registration of securities for employees
7 Sep 18
S-8
Registration of securities for employees
9 Oct 15
S-8
Registration of securities for employees
19 Aug 11
S-8 POS
Registration of securities for employees (post-effective amendment)
19 Aug 11
8-A12B/A
Registration of securities on exchange (amended)
25 May 11
S-8
Registration of securities for employees
10 Sep 10
SC TO-I/A
Issuer tender offer statement (amended)
16 Apr 09
SC TO-I/A
Issuer tender offer statement (amended)
6 Apr 09
SC TO-I
Issuer tender offer statement
16 Mar 09
SC TO-C
Information about tender offer
24 Apr 08
Proxies
DEFA14A
Additional proxy soliciting materials
15 May 20
DEFA14A
Additional proxy soliciting materials
17 Apr 20
DEF 14A
Definitive proxy
17 Apr 20
DEFA14A
Additional proxy soliciting materials
19 Apr 19
DEF 14A
Definitive proxy
19 Apr 19
DEF 14A
Definitive proxy
13 Apr 18
DEFA14A
Additional proxy soliciting materials
13 Apr 18
DEF 14A
Definitive proxy
19 Apr 17
DEFA14A
Additional proxy soliciting materials
19 Apr 17
PRE 14A
Preliminary proxy
5 Apr 17
Other
SD
Conflict minerals disclosure
29 May 20
SD
Conflict minerals disclosure
31 May 19
UPLOAD
Letter from SEC
8 May 19
CORRESP
Correspondence with SEC
6 May 19
UPLOAD
Letter from SEC
30 Apr 19
SD
Conflict minerals disclosure
31 May 18
SD
Conflict minerals disclosure
31 May 17
SD
Conflict minerals disclosure
31 May 16
UPLOAD
Letter from SEC
15 Jul 15
CORRESP
Correspondence with SEC
8 Jul 15
Ownership
4
WILLIAMS SONOMA / LAURA ALBER ownership change
18 Jun 20
4
WILLIAMS SONOMA / Ryan Ross ownership change
11 Jun 20
SC 13G/A
WILLIAMS SONOMA / VANGUARD ownership change
10 Jun 20
4
WILLIAMS SONOMA / Alex Bellos ownership change
8 Jun 20
4
WILLIAMS SONOMA / ANNE M MULCAHY ownership change
5 Jun 20
4
WILLIAMS SONOMA / ADRIAN D P BELLAMY ownership change
5 Jun 20
4
WILLIAMS SONOMA / Grace Puma Whiteford ownership change
5 Jun 20
4
WILLIAMS SONOMA / Scott Arnold Dahnke ownership change
5 Jun 20
4
WILLIAMS SONOMA / SABRINA SIMMONS ownership change
5 Jun 20
4
WILLIAMS SONOMA / William J Ready ownership change
4 Jun 20
Patents
GRANT
Design
Chair
30 Jun 20
Inventors: Edward Hale
GRANT
Design
Sofa
16 Jun 20
Inventors: James Ian Killinger
GRANT
Design
Chair and table unit
9 Jun 20
Inventors: James Ian Killinger
GRANT
Design
Sofa and table unit
9 Jun 20
Inventors: James Ian Killinger
GRANT
Design
Sofa and table unit
9 Jun 20
Inventors: James Ian Killinger