Williams-Sonoma (NYSE:WSM) shares climbed 18% intra-day today following the company’s announcement of Q4 results that exceeded expectations. The retailer reported an EPS of $5.44, surpassing analysts’ projections of $5.14, with revenue reaching $2.28 billion, higher than the anticipated $2.22 billion.

The quarter saw an adjusted operating margin of 20.1%, a slight increase from the previous year’s 19.9% and aligned with forecasts.

For the full 2024 year, Williams-Sonoma expects net revenue growth to range between a 3% decline and a 3% increase, with comparable sales predicted to vary from a 4.5% decrease to a 1.5% rise. The company projects an operating margin between 16.5% and 16.8%.

Additionally, the company announced a 26% increase in its quarterly cash dividend to $1.13 per share. Furthermore, Williams-Sonoma’s Board has authorized a new $1 billion stock repurchase program, superseding the previous plan.

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