Record Operating Margin
Williams-Sonoma reported a record third quarter operating margin of 17%, beating profitability estimates.
Earnings Per Share
Earnings per share for Q3 was $3.66, significantly above the 2019 EPS of $1.02.
Supply Chain Efficiencies
Supply chain improvements led to lower returns, damages, and replacements, contributing to higher selling margins.
Sustainability Achievements
Williams-Sonoma was named the top scorer on the Sustainable Furnishings Council's Wood Furniture Scorecard for the sixth consecutive year.
Cash and Inventory Management
Ended the quarter with a cash balance of $699 million and merchandise inventories down 17.2% from last year.