Williams-Sonoma Inc. Declares Increase in Quarterly Cash Dividend Payable on May 28, 2015; Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended February 1, 2015; Provides Earnings Guidance for the First Quarter of 2015 and Full Year 2015
Mar 18 15
Williams-Sonoma Inc. announced that its Board of Directors has authorized a 6% increase in the company's quarterly cash dividend. The quarterly cash dividend will be increased from $0.33 to $0.35 per common share and is payable on May 28, 2015 to shareholders of record as of the close of business on April 24, 2015. The indicated annual cash dividend, subject to capital availability, is $1.40 per common share.
The company reported unaudited consolidated earnings results for the fourth quarter and full year ended February 1, 2015. For the quarter, the company reported net revenues of $1,542,125,000 compared to $1,466,324,000 a year ago. Operating income was $237,883,000 compared to $217,735,000 a year ago. Earnings before income taxes were $237,909,000 compared to $217,903,000 a year ago. Net earnings were $147,037,000 or $1.57 per diluted share compared to $133,798,000 or $1.38 per diluted share a year ago. Non-GAAP operating income was $230,469,000 compared to $217,735,000 a year ago. Non-GAAP diluted EPS excluding unusual business events was $1.52 compared to $1.38 a year ago.
For the full year, the company reported net revenues of $4,698,719,000 compared to $4,387,889,000 a year ago. Operating income was $502,265,000 compared to $452,098,000 a year ago. Earnings before income taxes were $502,203,000 compared to $452,682,000 a year ago. Net earnings were $308,854,000 or $3.24 per diluted share compared to $278,902,000 or $2.82 per diluted share a year ago. Net cash provided by operating activities was $461,697,000 compared to $453,769,000 a year ago. Purchases of property and equipment were $204,800,000 compared to $193,953,000 a year ago. Non-GAAP operating income was $494,851,000 compared to $455,034,000 a year ago. Non-GAAP diluted EPS excluding unusual business events was $3.20 compared to $2.84 a year ago.
The company provided earnings guidance for the first quarter of 2015 and full year 2015. For the first quarter of 2015, the company expects total net revenues of $990 million to $1,010 million and diluted EPS of $0.40 to $0.45.
For the full year 2015, the company expects total net revenues of $4,950 million to $5,020 million, operating margin of 10.2% to 10.5%, diluted EPS of $3.35 to $3.45, income tax rate of 38.3% to 38.8%, capital spending of $200 million to $220 million and depreciation and amortization of $170 million to $180 million.
Williams-Sonoma, Inc. Elects Sabrina Simmons to its Board of Directors
Jan 28 15
Williams-Sonoma Inc. announced that Sabrina Simmons has been elected to its Board of Directors. Ms. Simmons has served as Executive Vice President, Chief Financial Officer, of Gap Inc. since January 2008. In this role she oversees all global financial functions, including corporate and brand financial planning and analysis, treasury, risk management, tax, investor relations, controllership, the corporate shared service centers, loss prevention, corporate facilities, and internal audit.
Williams-Sonoma, Inc. Declares Quarterly Cash Dividend, Payable on February 24, 2015
Dec 19 14
Williams-Sonoma Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.33 per common share. The dividend is payable on February 24, 2015 to stockholders of record as of the close of business on January 26, 2015.