Why Is Home Furnishing Retailer Williams-Sonoma Stock Surging Today?

Shivani Kumaresan | May 22, 2024

Williams-Sonoma, Inc (NYSE:WSM) shares are trading higher after the company reported first-quarter FY24 earnings above street view. The company reported a first-quarter FY24 sales decline of 5% year-on-year to $1.66 billion, meeting the analyst consensus estimate. Comparable brand revenue for the quarter declined 4.9%. Adjusted EPS of $4.07 beat the analyst consensus estimate of $2.70. Gross margin expanded 980 basis […]

Constellation Brands Q4 Earnings Beat Estimates As Beer Sales Soar

Shivani Kumaresan | April 11, 2024

Constellation Brands Inc (NYSE:STZ) reported fourth-quarter FY24 sales growth of 7.1% year-on-year to $2.14 billion, beating the analyst consensus estimate of $2.10 billion. Net sales for the Beer segment increased 11% Y/Y to $1.702 billion, and Wine and Spirits declined 6% Y/Y to $436.4 million. Shipment volume for Beer climbed 10.5%, while Wine and Spirits declined 5%. […]

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