Williams-Sonoma Expects Lower Earnings
Williams-Sonoma Inc. -- which owns the Williams-Sonoma, Pottery Barn and Hold Everything stores and catalogs -- expects to fall short of analysts' earnings estimates.Lower-than-expected sales from its fall and early holiday catalog mailings, along with increased advertising expenses, led to disappointing earnings, the company reported.
Williams-Sonoma, San Francisco, forecast a shortfall of 4 cents to 6 cents per diluted share, compared with analysts' projections, for the fiscal quarter ending Oct. 29. The consensus forecast of analysts was for 18 cents per share.
