Williams-Sonoma posts FY19 revenue of $5.89 billion

Williams-Sonoma, a specialty retailer of high-quality products for home, posted its growth in revenue to $5.89 billion in fiscal 2019 ended on February 2, 2020 compared to revenue of $5.67 billion in prior fiscal. Net earnings rose to $356.06 million compared to $333.68 million last year. Gross profit in FY19 were $2.13 billion (FY18: $2.10 million).

 

Williams-Sonoma, a specialty retailer of high-quality products for home, posted its growth in revenue to $5.89 billion in fiscal 2019 ended on February 2, 2o2o compared to revenue of $5.67 billion in prior fiscal. Net earnings rose to $356.06 million compared to $333.68 million last year. Gross profit in FY19 were $2.13 billion (FY18: $2.10 million).#

Revenue in fourth quarter (Q4) FY19 rose to $1.84 billion (Q4 FY18: $1.83 billion). Net earnings in the quarter grew to $166.04 million (Q4 FY18: 155.33 million). 

 

Williams-Sonoma, a specialty retailer of high-quality products for home, posted its growth in revenue to $5.89 billion in fiscal 2019 ended on February 2, 2o2o compared to revenue of $5.67 billion in prior fiscal. Net earnings rose to $356.06 million compared to $333.68 million last year. Gross profit in FY19 were $2.13 billion (FY18: $2.10 million).#

“2019 was an outstanding year for our company. We delivered a strong holiday season, outpacing the industry with comparable brand revenue growth of 7.6 per cent in the fourth quarter. West Elm outperformed with a comp of 13.9 per cent, the Pottery Barn brands’ resurgence continued with a combined comp of 7.1 per cent, and the Williams Sonoma brand returned to growth with a comp of 3.3 per cent,” Laura Alber, president and chief executive officer said in a press release. 

 

Williams-Sonoma, a specialty retailer of high-quality products for home, posted its growth in revenue to $5.89 billion in fiscal 2019 ended on February 2, 2o2o compared to revenue of $5.67 billion in prior fiscal. Net earnings rose to $356.06 million compared to $333.68 million last year. Gross profit in FY19 were $2.13 billion (FY18: $2.10 million).#

Revenue of Pottery Barn segment in FY19 was $2.21 billion (FY18: $2.17 billion). West Elm segment reported its revenue to $1.4 billion (FY18: $1.29 billion). Willam Sonoma’s revenue reduced marginally to $1.03 billion (FY18: $1.05 billion). Pottery Barn Kids and Teen FY19 revenue was $909 million ($896 million). 

 

Williams-Sonoma, a specialty retailer of high-quality products for home, posted its growth in revenue to $5.89 billion in fiscal 2019 ended on February 2, 2o2o compared to revenue of $5.67 billion in prior fiscal. Net earnings rose to $356.06 million compared to $333.68 million last year. Gross profit in FY19 were $2.13 billion (FY18: $2.10 million).#

“Looking ahead to 2020, it is hard not to acknowledge the devastating impact that the coronavirus outbreak is having on communities around the world. Our thoughts are with all of the people affected and our top priority is the safety and well-being of our associates, our customers and our business partners. And, we are taking action to prepare and adapt our business in this time of uncertainty,” Alber said.