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Jim Cramer on Williams-Sonoma: What Shorts Got Wrong

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Williams-Sonoma's  (WSM)  earnings came in better-than-expected, with the company raising its dividend and setting a $1 billion share repurchase plan.

The company reported non-GAAP earnings per share of $3.95 on revenue of $2.3 billion. Williams-Sonoma was expected to report net income of $271 million, or $3.38 a share, on sales of $2.2 billion, based on a FactSet survey of 21 analysts.

"Looking ahead, we are very optimistic about our runway for growth and profitability,” said Laura Alber, president and CEO of Williams-Sonoma, in a statement. ”All of our brands are starting the year strong, and we expect this strength to continue through 2021 and beyond."

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