Williams-Sonoma Posts Double-Digit Gains

Williams-Sonoma said yesterday that first quarter revenue increased 12.4 percent compared with the same period a year ago.

The company earned $720.7 million versus $640.9 million last year.

Direct-to-customer net revenues, including catalog and Internet revenues, in the first quarter of fiscal year 2005 increased 11.6 percent to $323.5 million versus $289.8 million in the first quarter of fiscal year 2004.

Internet revenues in the first quarter of fiscal year 2005 increased 36 percent to $153.5 million, including the incremental net sales generated by the November 2004 launch of the Hold Everything Web site, versus $112.9 million in the first quarter of fiscal year 2004.

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