Williams-Sonoma Reports Q2 Beat, Shares Up 2%
<p><a href='https://financialmodelingprep.com/financial-summary/WSM'>Williams-Sonoma, Inc. (NYSE:WSM)</a> shares rose more than 2% pre-market following the company’s reported Q2 results, with EPS coming in at $3.87, better than the Street estimate of $3.49. Revenue was $2.14 billion, compared to the Street estimate of $2.03 billion.</p>
<p>Q2 comparable brand sales grew 11.3%, well ahead of the Street estimate of 5.2%. While the company didn’t provide an exact number, it noted that demand comp was positive and, importantly, has accelerated in the first three weeks of Q3. </p>
<p>Furthermore, management confirmed that the backlog remains sizable and is expected to remain a sales tailwind in the second half of the year and possibly into 2023.</p>

NYSE:WSM