By Denny Jacob
Williams-Sonoma reiterated its guidance for the year and beyond, the latest retailer to signal tariffs aren't forcing it to scale back expectations.
The home-products retailer previously forecast revenue to be in the range of a decline of 1.5% to growth of 1.5% in fiscal 2025. Over the long-term, it continues to expect mid-to-high single-digit revenue growth.
Williams-Sonoma on Thursday reiterated its guidance even while absorbing incremental costs from the existing tariff environment. But it noted that it will revisit its guidance if there are material changes in future tariffs, an issue that may resurface given some of reduced levies on China are only temporary and could increase once more.
"Volatility is not new in our industry, and we are confident in our ability to adapt and navigate whatever lies ahead," said Chief Executive Laura Alber.
The San Francisco company recorded earnings of $231.3 million, or $1.85 a share, for the first quarter ended May 4, down from $260.4 million, or $1.99 a share, in the prior-year period. Analysts polled by FactSet expected $1.73 a share.
Revenue increased to $1.73 billion from $1.66 billion. Analysts polled by FactSet expected $1.67 billion.
Comparable brand revenue came in at 3.4% growth. Alber said the company saw an acceleration of its positive comp trend coming out of the fourth quarter with all its brands running positive comps.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
May 22, 2025 10:06 ET (14:06 GMT)
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