Williams-Sonoma Gets Lift From Web Sales

SAN FRANCISCO ( TheStreet) -- Williams-Sonoma ( WSM), the home-furnishings retailer, said fourth-quarter earnings increased as same-store sales and Internet sales jumped.

Williams-Sonoma earned $113.4 million, or $1.05 a share, in the fourth quarter vs. year-earlier earnings of $88.4 million, or 81 cents a share.

On an adjusted basis, fourth-quarter earnings were $1.08 a share.

Net revenue in the quarter rose to $1.195 billion from $1.09 billion. Internet sales rose 27.2% and same-store sales increased 5.2%.

Analysts surveyed by Thomson Reuters expected the retailer to earn 98 cents a share in the quarter on revenue of $1.185 billion.

The company also raised its quarterly dividend by 13% to 17 cents a share.

-- Written by Joseph Woelfel

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