Reported about 17 hours ago
Williams-Sonoma Inc. saw its stock drop 5% in intraday trading despite exceeding expectations for revenue and earnings in the first quarter, primarily due to gross margins falling short of analysts' estimates. The retailer reported earnings per share of $1.85 and total revenue of $1.73 billion, both better than predicted. Analysts noted ongoing margin pressure as a concern, leading to a decline of approximately 18% in the stock's value this year, while the company remains optimistic about navigating future challenges.
Source: YAHOO