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Benzinga
Benzinga
Business
Akanksha Bakshi

Williams-Sonoma Promises Growth While Managing Big New Tariffs

Williams-Sonoma WSM Lowe
Toronto,,Canada,-,November,9,,2020:,Williams-sonoma,Storefront,Is,Seen

Williams-Sonoma, Inc. (NYSE:WSM) stock rose Wednesday as the retailer delivered stronger-than-expected third-quarter results, posting diluted EPS of $1.96 versus the $1.86 estimate and revenue of $1.883 billion, which topped the $1.866 billion forecast. The stock has since given up its gains and is now trading lower. 

The company’s third-quarter performance was underpinned by steady consumer demand across its home furnishings portfolio, lifting comparable brand revenue by 4.0% and pushing GAAP diluted EPS up 4.8% from the same period last year.

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