Strong sales growth at West Elm was a key driver in the first quarter for Williams Sonoma, which reported a company-wide revenue boost for the period ended May 5.
Net revenue was up 3.2% to $1.2 billion with comparable store sales up 3.5%. By retail brand, same-store sales were up 1.5% at Pottery Barn, 11.8% at West Elm, down 1.6% at Williams Sonoma stores and up 1.2% at Pottery Barn Kids and Teen.
Company-wide, net earnings were $52.7 million, $0.66 per diluted share, up from net earnings of $45.2 million, or $0.54 per diluted share, in the comparable quarter the prior year.
“Customer acquisition and engagement continued to grow as we delivered more compelling and differentiated experiences to our customers,” said Laura Alber, president and CEO of Williams Sonoma. “We also reached a significant milestone for our company as we were named, for the first time, to the Fortune 500 largest companies in the U.S.”