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Williams-Sonoma net revenues grew 1.1% to $1.245 billion

Staff Writer | November 18, 2016
Williams-Sonoma announced operating results for the third fiscal quarter ended October 30, 2016.
Williams-Sonoma
Williams-Sonoma   Q3 2016 operating margin was 8.8%
Q3 2016 net revenues grew 1.1% to $1.245 billion versus $1.232 billion in Q3 15 with comparable brand revenue decreasing 0.4%.

Q3 2016 operating margin was 8.8% versus 9.0% in Q3 15. Excluding unusual business events due to severance-related reorganization charges (see Note 1 in Exhibit 1), non-GAAP operating margin was 8.9% in Q3 2016. See Exhibit 1 for a reconciliation of GAAP to non-GAAP operating margin.

Q3 2016 diluted earnings per share (EPS) was $0.78 versus $0.77 in Q3 15. Excluding unusual business events due to severance-related reorganization charges of approximately $0.01 per diluted share, non-GAAP EPS was $0.79 in Q3 2016.

Cash returned to stockholders totaled $72 million, comprising $39 million in stock repurchases and $33 million in dividends.


 

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