Williams-Sonoma beats Q1 earnings estimates

Williams-Sonoma (WSM) beat analysts' expectations on both revenue and earnings in its latest quarterly report. Yahoo Finance's Brad Smith, breaks down the details of the company's financial performance, shedding light on the key drivers propelling its growth.

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This post was written by Angel Smith

Video transcript

Well, William Sonoma Stock is on a tear this morning after their latest earnings show, the company surpassing profit estimates and the guidance here.

Now this puts the kitchen and home goods company in line with its peer our house, that stock is up 23% after their earnings beat as well.

William S snow is actually down right now by about 3/10 of a percent, it was down lower more than this and seeing more of an outsized impact even prior to the market open.

And one of the huge things to remember and kind of a a three pronged approach of this company.

Number one, it's a gauge on some of the more high income consumers out there.

Given the William Sonoma brand, the pottery Barn brand, you can even look to the West dome and the mid century modern forever type of trade that you would be looking at there.

So all of those things considered, we're taking a look at Williams Sonoma over the past two days.

You see that jump originally, but now moving lower as a now.

And one of the huge things as well in the read in on this company too is that they actually saw across two of their brands uh decrease in the comparable sales there.

So that is something that investors perhaps paying a little bit more attention to getting more color from the company as that call took place.

And then additionally, just lastly here, you gotta think about ultimately what they're going to do on pricing here.

And this has been a company that even as they've spoken with Yahoo Finance earlier this year doesn't sound like.

And this, as our executive producer remind us this morning doesn't sound like they're going to be increasing prices and they're pretty ironclad on that.

So we'll see exactly how that does impact the bottom line, but at least in the outlook on the margin, they gave a little bit of a bright spot there for investors to really kind of be keying in on here as of right now.

So we'll see exactly how that's able to pan out for the company.