WASHINGTON (dpa-AFX) - Williams-Sonoma, Inc. (WSM), an omni-channel specialty retailer, Wednesday reported higher earnings and revenue for the third quarter compared to the same period last year.
Further, the company reiterated its revenue outlook for fiscal 2025.
Quarterly earnings increased to $241.59 million or $1.96 per share from $237.26 million or $1.87 per share of the last year.
Revenue grew to $1.88 billion from $1.8 billion of the previous year.
Looking forward to the full year, the company continues to expect net revenues in the range of plus 0.5% to plus 3.5%.
Additionally, the company said that it has authorized a buyback of $1 billion of its common stock and it will become effective once the firm's current stock repurchase program is fully utilized.
Currently, WSM shares were trading at $180.55, down 0.11% on the New York Stock Exchange.
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