Unpacking Q2 Earnings: Williams-Sonoma (NYSE:WSM) In The Context Of Other Home Furniture Retailer Stocks [Yahoo! Finance]
Sleep Number Corporation (SNBR)
Last sleep number corporation earnings: 4/22 04:01 pm
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Source: Yahoo! Finance
Let's take a look at how Williams-Sonoma (NYSE:WSM) and the rest of the home furniture retailer stocks fared in Q2. Furniture retailers understand that ‘home is where the heart is' but that no home is complete without that comfy sofa to kick back on or a dreamy bed to rest in. These stores focus on providing not only what is practically needed in a house but also aesthetics, style, and charm in the form of tables, lamps, and mirrors. Decades ago, it was thought that furniture would resist e-commerce because of the logistical challenges of shipping large furniture, but now you can buy a mattress online and get it in a box a few days later; so just like other retailers, furniture stores need to adapt to new realities and consumer behaviors. The 4 home furniture retailer stocks we track reported a strong Q2. As a group, revenues missed analysts' consensus estimates by 1% while next quarter's revenue guidance was 7.2% below. In light of this news, share prices of the companies have
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