Latest news with #Rejuvenation
Yahoo
5 days ago
- Business
- Yahoo
How Is Williams-Sonoma's Stock Performance Compared to Other Retailers?
Valued at $19.4 billion by market cap, San Francisco-based Williams-Sonoma, Inc. (WSM) operates as a multi-channel specialty retailer of premium quality home products. The company offers various cooking, dining, home decor, and related products through its brands like Pottery Barn, West Elm, Rejuvenation, etc. Companies worth $10 billion or more are generally described as "large-cap stocks." WSM fits right into that category, reflecting its significant presence and influence in the specialty retail and premium home decor space. Tesla's Robotaxis Reportedly Sped and Veered Into the Wrong Lanes. Does This Crush the Bull Case for TSLA Stock? Dear Micron Stock Fans, Mark Your Calendars for June 25 Is United Health Stock a Buy, Hold or Sell for July 2025? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. WSM stock touched its all-time high of $219.98 on Jan. 30, and is currently trading 27.8% below that peak. Over the past three months alone, the stock has dropped 6.1%, significantly underperforming the SPDR S&P Retail ETF's (XRT) 8.4% gains during the same time frame. Williams' stock has plunged 14.2% on a YTD basis, underperforming XRT's 3.9% dip. However, the stock has gained 7.9% over the past year, outperforming XRT's 1.4% uptick over the past 52 weeks. To confirm WSM's downturn in 2025, the stock traded below its 50-day moving average between late February to early May. Moreover, the stock has remained below its 200-day moving average since late May. Williams-Sonoma's stock prices dropped 4.5% following the release of its lackluster Q1 results on May 22. Driven by a slight improvement in comparable store sales, the company's net revenues for the quarter increased 4.2% year-over-year to $1.7 billion. While the company's gross margins were positively impacted by efficiency gains and occupancy leverage, it took a notable hit due to merchandise margins dropping by 220 bps. Its net income for the quarter dropped 11.2% year-over-year to $231.3 million. Furthermore, the Williams' operating cash flows (OCF) were notably impacted due to a drop in deferred revenues and changes in inventory levels. Its OCF for the quarter plunged 47.6% year-over-year to $119 million, unsettling investor confidence. While WSM has underperformed its peer Home Depot, Inc.'s (HD) 7% drop in 2025, it has performed slightly better than HD's 7% gains over the past 52 weeks. Among the 18 analysts covering the WSM stock, the consensus rating is a 'Moderate Buy.' Its mean price target of $181.47 suggests a 14.2% upside potential from current price levels. On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 days ago
- Business
- Yahoo
How Is Williams-Sonoma's Stock Performance Compared to Other Retailers?
Valued at $19.4 billion by market cap, San Francisco-based Williams-Sonoma, Inc. (WSM) operates as a multi-channel specialty retailer of premium quality home products. The company offers various cooking, dining, home decor, and related products through its brands like Pottery Barn, West Elm, Rejuvenation, etc. Companies worth $10 billion or more are generally described as "large-cap stocks." WSM fits right into that category, reflecting its significant presence and influence in the specialty retail and premium home decor space. Tesla's Robotaxis Reportedly Sped and Veered Into the Wrong Lanes. Does This Crush the Bull Case for TSLA Stock? Dear Micron Stock Fans, Mark Your Calendars for June 25 Is United Health Stock a Buy, Hold or Sell for July 2025? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. WSM stock touched its all-time high of $219.98 on Jan. 30, and is currently trading 27.8% below that peak. Over the past three months alone, the stock has dropped 6.1%, significantly underperforming the SPDR S&P Retail ETF's (XRT) 8.4% gains during the same time frame. Williams' stock has plunged 14.2% on a YTD basis, underperforming XRT's 3.9% dip. However, the stock has gained 7.9% over the past year, outperforming XRT's 1.4% uptick over the past 52 weeks. To confirm WSM's downturn in 2025, the stock traded below its 50-day moving average between late February to early May. Moreover, the stock has remained below its 200-day moving average since late May. Williams-Sonoma's stock prices dropped 4.5% following the release of its lackluster Q1 results on May 22. Driven by a slight improvement in comparable store sales, the company's net revenues for the quarter increased 4.2% year-over-year to $1.7 billion. While the company's gross margins were positively impacted by efficiency gains and occupancy leverage, it took a notable hit due to merchandise margins dropping by 220 bps. Its net income for the quarter dropped 11.2% year-over-year to $231.3 million. Furthermore, the Williams' operating cash flows (OCF) were notably impacted due to a drop in deferred revenues and changes in inventory levels. Its OCF for the quarter plunged 47.6% year-over-year to $119 million, unsettling investor confidence. While WSM has underperformed its peer Home Depot, Inc.'s (HD) 7% drop in 2025, it has performed slightly better than HD's 7% gains over the past 52 weeks. Among the 18 analysts covering the WSM stock, the consensus rating is a 'Moderate Buy.' Its mean price target of $181.47 suggests a 14.2% upside potential from current price levels. On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Hindu
26-05-2025
- Business
- The Hindu
Chennai Corporation's municipal bonds receive ‘overwhelming response' in National Stock Exchange
Chennai has joined the list of urban local bodies in the country that have listed their municipal bonds in the National Stock Exchange (NSE) to raise funds for their projects. Tamil Nadu Chief Minister M.K. Stalin attended the bell ceremony in Chennai on Monday (May 26, 2025) to mark the listing of the Greater Chennai Corporation's (GCC) municipal bonds in the NSE. Speaking on the occasion, NSE chief economist Tirthankar Patnaik said three other Municipal Corporations from Tamil Nadu — Coimbatore, Tiruppur and Tiruchi — were in the process of raising funds through municipal bonds. 'It is always a delight for us at NSE when urban local bodies make use of capital markets as an alternative means of financing.' The private placement of GCC's municipal bonds with a base issue size of ₹100 crore and green shoe of ₹100 crore received 'overwhelming response' with an overall subcription of 4.21 times, he said. 'We hope that today's successful listing will inspire many more urban local bodies to look at capital markets as a promising avenue to raise funds,' Mr. Patnaik said. The GCC is intending to utilise municipal bond proceeds to partly finance the ongoing works for the Integrated Storm Water Drainage Project (ISWDP) in Kosasthalaiyar basin that is to be implemented at an estimated cost of ₹3,059 crore. The project aims to construct a robust drainage network that channels excess stormwater into the Kosasthalaiyar basin. The GCC has undertaken the restoration, deepening and widening of 65 lakes and ponds in this basin. The ISWDP is to be implemented in three phases — Phase I (11 packages), Phase II (18 packages) and Phase III (17 packages). As of May 25, 28 packages have been completed and 18 more are under execution. Welcoming the gathering in Kalaivanar Arangam, Mayor R. Priya said that the GCC was the first in Tamil Nadu to issue municipal bonds in the NSC. GCC has raised funds to the tune of ₹200 crore by issuing bonds through the NSE for an interest rate of 7.97% for 10 years. India Ratings and Acuitte have rated the GCC municipal bonds as AA+, an official release from the Tamil Nadu government said. Under AMRUT (Atal Mission for Rejuvenation and Urban Transformation) 2.0, GCC would get an incentive of ₹26 crore for having issued bonds in the stock exchange to raise funds for urban infrastructure projects. Later in the day, GCC Commissioner J. Kumaragurubaran told reporters that the GCC was planning to list municipal bonds for the multi-modal facility at Broadway bus stand which is a ₹822 crore project. While the GCC's commitment to the multi-modal facility in Broadway was estimated at ₹579 crore, the GCC was hoping to issue bonds to raise funds for ₹500 crore, he said. Ministers K.N. Nehru and P.K. Sekarbabu; Chennai Mayor R. Priya; Chief Secretary N. Muruganandam and senior officials were also present during the event.
CNBC
22-05-2025
- Business
- CNBC
Williams-Sonoma CEO talks mitigating tariff impact: 'We've been busy'
Williams-Sonoma CEO Laura Alber told CNBC's Jim Cramer how the company is dealing with the effects of President Donald Trump's tariff hikes. "We've been busy," she said. "And we've also been reminded, you know, it's important to have that flexible mindset, but also to have options in sourcing, and particularly with our big programs, to alternatives." The home goods and furniture outfit owns several retail brands alongside its namesake, including Pottery Barn and West Elm. It posted quarterly results on Thursday, managing to beat on earnings and revenue. However, Williams-Sonoma missed analysts' gross margins estimates, and shares closed down 4.48%. On the earnings call, management reiterated guidance "even with absorbing incremental costs from the existing tariff environment." Alber told Cramer Williams-Sonoma is looking at how to do more manufacturing in the U.S., and she claimed that most of the outfit's upholstery is being made and assembled domestically. She also named the company's home improvement brand, Rejuvenation, as part of its strategy to boost domestic manufacturing. Rejuvenation is Williams-Sonoma's "fastest-growing small brand," Alber said, and its products are made in Oregon. She also emphasized her company's progress over the past several years, adding that Williams-Sonoma indicated its operating margin would be flat this year despite global economic challenges. According to Alber, this speaks to "the power of our operating model, our multichannel platform and our sourcing structure," which affords the company flexibility and direct communication with vendors. "I think you got to remember, too, from 2019 to today, we more than doubled our operating margin," she said. "And we, this year, are guided to basically flat to last year, with the tariffs in there." Click here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest
Hindustan Times
18-05-2025
- Business
- Hindustan Times
After positive rating from govt, PMC STPs to get ₹28 crore grant
The union government's AMRUT 2.0 (Atal Mission for Rejuvenation and Urban Transformation) scheme has given high ratings to all nine STPs operated by the Pune Municipal Corporation (PMC), with the Mundhwa Sewage Treatment Plant (STP) receiving the 5-star rating, while the remaining eight STPs secured 4-star ratings. According to PMC Electrical Department Head Manisha Shekatkar, following the positive review, PMC is all set to get funds worth ₹28 crore from the centre. The Mundhwa project will get ₹4 crore, while the other eight projects will get ₹24 crore. Commenting about the development, Shekatkar said, 'According to ministry's announcement, STPs awarded a 5-star rating will receive ₹4 crore, while those with 4-stars will receive ₹3 crore each.' The union government's inspection teams conducted biannual assessments of these projects, examining operational efficiency, compliance with environmental norms, and use of monitoring systems such as SCADA (Supervisory Control and Data Acquisition) and OCEMS (Online Continuous Effluent Monitoring System) before awarding their ratings. These inspections followed National Green Tribunal (NGT) guidelines and focused on parameters such as plant functionality, cleanliness, safety audits, and environmental impact. According to the Solid Waste Treatment Department of the civic body, the star ratings are part of a broader push to encourage quality and sustainability in urban sewage treatment infrastructure under AMRUT 2.0 PMC currently operates nine municipal STPs to process the city's wastewater.
