Williams-Sonoma, which also owns Pottery Barn and West Elm, didn’t disappoint on its bottom line, with third-quarter operating income up nearly 3% year over year, The Motley Fool Take Williams-Sonoma (NYSE: WSM) has had a solid 2022. Revenue in the first three quarters rose 8.3% year over year, comparing favorably against home furnishings peers that have struggled with a hangover from the pandemic boom. The high-end home furnishings retailer, which also owns Pottery Barn and West Elm, didn’t disappoint on its bottom line, either, with third-quarter operating income up nearly 3% year over year, to $340 million. Earnings per share in the third quarter popped 13%, too. The company’s stock price doesn’t reflect that growth, though, with shares recently down 27% from their 52-week high — presenting an appealing buying opportunity. Indeed, Williams-Sonoma’s stock appears quite a bargain at recent levels, with a price-to-earnings (P/E) ratio near 7.5, well below its five-year average of 15. Many investors are likely staying away due to recession-related worries and because management has tempered its near-term growth expectations due to macroeconomic uncertainty. There’s a lot to like about Williams-Sonoma — with its strong set of brands, growing business-to-business initiative, e-commerce marketplace (which is […]
