NEW YORK ( TheStreet) -- Williams-Sonoma (WSM - Get Report) reports fiscal-second quarter results after markets close on Wednesday and analysts are expecting good things to come from the home furnishing brand.
Analysts, as tallied by Thomson Reuters, expect Williams Sonoma to post second-quarter earnings of 53 cents a share, up 9% from the year-earlier period. Revenue is expected to rise 7% to $1.047 billion. Same store sales are expected to rise by 6.2%, according to Consensus Metrix, fueled by strong gains in its Pottery Barn and West Elm brands.
Besides its flagship Williams-Sonoma brand, which sells kitchen gadgets, cookware and gourmet foods, it is the parent company to the ever-popular Pottery Barn group of brands and West Elm, both of which cater to upper middle-class homeowners and home decorating enthusiasts. On top of that, the company has smaller extension brands such as Rejuvenation and Mark and Graham.
Williams-Sonoma is one of few retail brands that seems to be hitting on all cylinders when it comes to e-commerce. The company noted in its annual filing with the Securities and Exchange Commission that for fiscal 2013, e-commerce revenue rose 17.7% over the 12-month period compared to 4.6% for retail store revenue growth. The company said total revenue rose 8.5% to $4.39 billion last year.
Williams-Sonoma shares are up 28% this year compared to an 8% gain by the S&P 500. Here's what Wall Street analysts are saying ahead of earnings: