Williams Sonoma Q3 profit up 16%; raises full-year view

San Francisco -- Williams-Sonoma Inc.'s on Thursday reported that its third-quarter profit rose a better-then-expected 16% as same-store sales increased across all its brands. The company also raised its full-year view.

“We believe we are well-positioned heading into the holiday season and will continue to execute our key strategies to deliver an exceptional experience for our customers. We are focused on generating top-line results in conjunction with operational and capital discipline to deliver long-term shareholder value,” said president and CEO Laura Alber.

For the quarter ended Nov. 3, Williams-Sonoma posted a profit of $56.7 million, up from $48.9 million.

Revenue rose 11% to $1.05 billion. Total same-store sales rose 8.2%.

At West Elm, same-store sales jumped 22%. Pottery Barn's same-store sales were up 8.4%, while Pottery Barn Kids and PBteen increased 3.9% and 17%, respectively. At the company’s namesake stores, sales were up 1.4%.
 

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