Home Specialty Retailers Williams-Sonoma Inc Williams-Sonoma, Inc. – Revenue Analysis

Williams-Sonoma, Inc. – Revenue Analysis

43
0

Williams-Sonoma recorded revenues of $3,944.9 million in FY2008, an increase of 5.8% over 2007. This was primarily due to growth in store leased square footage, comparable store sales, the impact of the extra week of net revenues in FY2008, a 53-week year, catalog page circulation and expansion of the Internet business. The company primarily operates in the US.
The company generates revenues through two business divisions: retail (57.8% of the total revenues in the FY2008), and direct to consumer (42.2%).

Revenue by Division
During the FY2008, the retail division recorded revenues of $2,281.2 million, an increase of 5.9% over 2007. This was primarily due to an increase in store leased square footage of 5.3% (including 23 new store openings and the remodeling or expansion of an additional 26 stores), the impact of the extra week of net revenues in FY2008, a 53-week year, and comparable store sales growth of 0.3% in FY2008.
The direct to consumer division recorded revenues of $1,663.7 million in FY2008, an increase of 5.7% over 2007. This was primarily due to increase in net revenues generated in the PBteen, West Elm, Pottery Barn and Williams-Sonoma brands due to the impact of the extra week of net revenues in FY2008, a 53-week year, an overall increase in catalog and page circulation of 3.7% and 7.9%, respectively, and continued strength in company’s Internet business.