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These terms and conditions govern your use of the website alphaminr.com and its related services.
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QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
| |
| |
| (State or other jurisdiction of incorporation or organization) |
(I.R.S. Employer Identification No.) | |
| |
| |
| (Address of principal executive offices) |
(Zip Code) |
| Title of each class: |
Trading Symbol(s): |
Name of each exchange on which registered: | ||
| |
|
|
| ☒ |
Accelerated filer |
☐ | ||||
| Non-accelerated filer |
☐ |
Smaller reporting company |
| |||
| Emerging growth company |
|
| PAGE |
||||||
| Item 1. |
1 |
|||||
| Item 2. |
17 |
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| Item 3. |
22 |
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| Item 4. |
22 |
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| PART II. OTHER INFORMATION |
||||||
| Item 1. |
23 |
|||||
| Item 1A. |
23 |
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| Item 2. |
23 |
|||||
| Item 3. |
23 |
|||||
| Item 4. |
23 |
|||||
| Item 5. |
23 |
|||||
| Item 6. |
24 |
|||||
| Thirteen Weeks Ended |
Twenty-six Weeks Ended |
|||||||||||||||
| In thousands, except per share amounts |
August 4, 2019 |
July 29, 2018 |
August 4, 2019 |
July 29, 2018 |
||||||||||||
| Net revenues |
$ | |
$ | |
$ | |
$ | |
||||||||
| Cost of goods sold |
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||||||||||||
| Gross profit |
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| Selling, general and administrative expenses |
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| Operating income |
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| Interest (income) expense, net |
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| Earnings before income taxes |
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||||||||||||
| Income taxes |
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||||||||||||
| Net earnings |
$ | |
$ | |
$ | |
$ | |
||||||||
| Basic earnings per share |
$ | |
$ | |
$ | |
$ | |
||||||||
| Diluted earnings per share |
$ | |
$ | |
$ | |
$ | |
||||||||
| Shares used in calculation of earnings per share: |
||||||||||||||||
| Basic |
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||||||||||||
| Diluted |
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||||||||||||
| Thirteen Weeks Ended |
Twenty-six Weeks Ended |
|||||||||||||||
| In thousands |
August 4, 2019 |
July 29, 2018 |
August 4, 2019 |
July 29, 2018 |
||||||||||||
| Net earnings |
$ | |
$ | |
$ | |
$ | |
||||||||
| Other comprehensive income (loss): |
||||||||||||||||
| Foreign currency translation adjustments |
( |
) | ( |
) | ( |
) | ( |
) | ||||||||
| Change in fair value of derivative financial instruments, net of tax (tax benefit) of $( |
( |
) | |
|
|
|||||||||||
| Reclassification adjustment for realized (gain) loss on derivative financial instruments, net of tax (tax benefit) of $ |
( |
) | — |
( |
) | |
||||||||||
| Comprehensive income |
$ | |
$ | |
$ | |
$ | |
||||||||
In thousands, except per share amounts |
August 4, 2019 |
February 3, 2019 |
July 29, 2018 |
|||||||||
ASSETS |
||||||||||||
Current assets |
||||||||||||
Cash and cash equivalents |
$ | $ | $ | |||||||||
Accounts receivable, net |
||||||||||||
Merchandise inventories, net |
||||||||||||
Prepaid expenses |
||||||||||||
Other current assets |
||||||||||||
Total current assets |
||||||||||||
Property and equipment, net |
||||||||||||
Operating lease right-of-use assets |
— |
— |
||||||||||
Deferred income taxes, net |
||||||||||||
Goodwill |
||||||||||||
Other long-term assets, net |
||||||||||||
Total assets |
$ | $ | $ | |||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY |
||||||||||||
Current liabilities |
||||||||||||
Accounts payable |
$ | $ | $ | |||||||||
Accrued expenses |
||||||||||||
Gift card and other deferred revenue |
||||||||||||
Borrowings under revolving line of credit |
— |
— |
||||||||||
Income taxes payable |
||||||||||||
Operating lease liabilities |
— |
— |
||||||||||
Other current liabilities |
||||||||||||
Total current liabilities |
||||||||||||
Deferred rent and lease incentives |
||||||||||||
Long-term debt |
||||||||||||
Long-term operating lease liabilities |
— |
— |
||||||||||
Other long-term liabilities |
||||||||||||
Total liabilities |
||||||||||||
Commitments and contingencies – See Note F |
||||||||||||
Stockholders’ equity |
||||||||||||
Preferred stock: $ .01 |
||||||||||||
Common stock: $ .01 par value; |
||||||||||||
Additional paid-in capital |
||||||||||||
Retained earnings |
||||||||||||
Accumulated other comprehensive loss |
( |
) | ( |
) | ( |
) | ||||||
Treasury stock, at cost: |
( |
) | ( |
) | ( |
) | ||||||
Total stockholders’ equity |
||||||||||||
Total liabilities and stockholders’ equity |
$ | $ | $ | |||||||||
| |
|
Common Stock |
|
|
Additional Paid-in |
|
|
Retained |
|
|
Accumulated Other Comprehensive |
|
|
Treasury |
|
|
Total Stockholders’ |
| ||||||||||
| In thousands |
|
Shares |
|
|
|
Amount |
|
|
Capital |
|
|
Earnings |
|
|
Income (Loss) |
|
|
Stock |
|
|
Equity |
| ||||||
| Balance at February 3, 2019 |
|
$ | |
$ | |
$ | |
$ | ( |
) | $ | ( |
) | $ | |
|||||||||||||
| Net earnings |
— |
— |
— |
|
— |
— |
|
|||||||||||||||||||||
| Foreign currency translation adjustments |
— |
— |
— |
— |
( |
) | — |
( |
) | |||||||||||||||||||
| Change in fair value of derivative financial instruments, net of tax |
— |
— |
— |
— |
|
— |
|
|||||||||||||||||||||
| Reclassification adjustment for realized (gain) loss on derivative financial instruments, net of tax |
— |
— |
— |
— |
( |
) | — |
( |
) | |||||||||||||||||||
| Conversion/release of stock-based awards 1 |
|
|
( |
) | — |
— |
( |
) | ( |
) | ||||||||||||||||||
| Repurchases of common stock |
( |
) | ( |
) | ( |
) | ( |
) | — |
( |
) | ( |
) | |||||||||||||||
| Reissuance of treasury stock under stock-based compensation plans 1 |
— |
— |
( |
) | — |
— |
|
— |
||||||||||||||||||||
| Stock-based compensation expense |
— |
— |
|
— |
— |
— |
|
|||||||||||||||||||||
| Dividends declared |
— |
— |
— |
( |
) | — |
— |
( |
) | |||||||||||||||||||
| Adoption of accounting pronouncements 2 |
— |
— |
— |
( |
) | — |
— |
( |
) | |||||||||||||||||||
| Balance at May 5, 2019 |
|
$ | |
$ | |
$ | |
$ | ( |
) | $ | ( |
) | $ | |
|||||||||||||
| Net earnings |
— |
— |
— |
|
— |
— |
|
|||||||||||||||||||||
| Foreign currency translation adjustments |
— |
— |
— |
— |
( |
) | — |
( |
) | |||||||||||||||||||
| Change in fair value of derivative financial instruments, net of tax |
— |
— |
— |
— |
( |
) | — |
( |
) | |||||||||||||||||||
| Reclassification adjustment for realized (gain) loss on derivative financial instruments, net of tax |
— |
— |
— |
— |
( |
) | — |
( |
) | |||||||||||||||||||
| Conversion/release of stock-based awards 1 |
|
|
( |
) | — |
— |
— |
( |
) | |||||||||||||||||||
| Repurchases of common stock |
( |
) | ( |
) | ( |
) | ( |
) | — |
— |
( |
) | ||||||||||||||||
| Stock-based compensation expense |
— |
— |
|
— |
— |
— |
|
|||||||||||||||||||||
| Dividends declared |
— |
— |
— |
( |
) | — |
— |
( |
) | |||||||||||||||||||
| Balance at August 4, 2019 |
|
$ | |
$ | |
$ | |
$ | ( |
) | $ | ( |
) | $ | |
|||||||||||||
| |
|
|
Common Stock |
|
|
|
Additional Paid-in |
|
|
|
Retained |
|
|
|
Accumulated Other Comprehensive |
|
|
|
Treasury |
|
|
|
Total Stockholders’ |
| ||||
| In thousands |
|
|
Shares |
|
|
|
Amount |
|
|
|
Capital |
|
|
|
Earnings |
|
|
|
Income (Loss) |
|
|
|
Stock |
|
|
|
Equity |
|
| Balance at January 28, 2018 |
|
$ | |
$ | |
$ | |
$ | ( |
) | $ | ( |
) | $ | |
|||||||||||||
| Net earnings |
— |
— |
— |
|
— |
— |
|
|||||||||||||||||||||
| Foreign currency translation adjustments |
— |
— |
— |
— |
( |
) | — |
( |
) | |||||||||||||||||||
| Change in fair value of derivative financial instruments, net of tax |
— |
— |
— |
— |
|
— |
|
|||||||||||||||||||||
| Reclassification adjustment for realized (gain) loss on derivative financial instruments, net of tax |
— |
— |
— |
— |
|
— |
|
|||||||||||||||||||||
| Conversion/release of stock-based awards 1 |
|
|
( |
) | — |
— |
( |
) | ( |
) | ||||||||||||||||||
| Repurchases of common stock |
( |
) | ( |
) | ( |
) | ( |
) | — |
— |
( |
) | ||||||||||||||||
| Reissuance of treasury stock under stock-based compensation plans 1 |
— |
— |
( |
) | ( |
) | — |
|
— |
|||||||||||||||||||
| Stock-based compensation expense |
— |
— |
|
— |
— |
— |
|
|||||||||||||||||||||
| Dividends declared |
— |
— |
— |
( |
) | — |
— |
( |
) | |||||||||||||||||||
| Adoption of accounting pronouncements 2 |
— |
— |
— |
|
— |
— |
|
|||||||||||||||||||||
| Balance at April 29, 2018 |
|
$ | |
$ | |
$ | |
$ | ( |
) | $ | ( |
) | $ | |
|||||||||||||
| Net earnings |
— |
— |
— |
|
— |
— |
|
|||||||||||||||||||||
| Foreign currency translation adjustments |
— |
— |
— |
— |
( |
) | — |
( |
) | |||||||||||||||||||
| Change in fair value of derivative financial instruments, net of tax |
— |
— |
— |
— |
|
— |
|
|||||||||||||||||||||
| Conversion/release of stock-based awards 1 |
|
|
( |
) | — |
— |
( |
) | ( |
) | ||||||||||||||||||
| Repurchases of common stock |
( |
) | ( |
) | ( |
) | ( |
) | — |
— |
( |
) | ||||||||||||||||
| Reissuance of treasury stock under stock-based compensation plans 1 |
— |
— |
( |
) | ( |
) | — |
|
— |
|||||||||||||||||||
| Stock-based compensation expense |
— |
— |
|
— |
— |
— |
|
|||||||||||||||||||||
| Dividends declared |
— |
— |
— |
( |
) | — |
— |
( |
) | |||||||||||||||||||
| Balance at July 29, 2018 |
|
$ | |
$ | |
$ | |
$ | ( |
) | $ | ( |
) | $ | |
|||||||||||||
Twenty-six Weeks Ended |
||||||||
In thousands |
August 4, 2019 |
July 29, 20 18 |
||||||
Cash flows from operating activities: |
||||||||
Net earnings |
$ | $ | ||||||
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities: |
||||||||
Depreciation and amortization |
||||||||
(Gain) loss on disposal/impairment of assets |
( |
) | ||||||
Amortization of deferred lease incentives |
( |
) | ( |
) | ||||
Non-cash lease expense |
— |
|||||||
Deferred income taxes |
( |
) | ( |
) | ||||
Tax benefit related to stock-based awards |
||||||||
Stock-based compensation expense |
||||||||
Other |
||||||||
Changes in: |
||||||||
Accounts receivable |
( |
) | ( |
) | ||||
Merchandise inventories |
( |
) | ( |
) | ||||
Prepaid expenses and other assets |
( |
) | ( |
) | ||||
Accounts payable |
( |
) | ( |
) | ||||
Accrued expenses and other liabilities |
( |
) | ( |
) | ||||
Gift card and other deferred revenue |
( |
) | ||||||
Deferred rent and lease incentives |
— |
|||||||
Operating lease liabilities |
( |
) | — |
|||||
Income taxes payable |
( |
) | ( |
) | ||||
Net cash (used in) provided by operating activities |
( |
) | ||||||
Cash flows from investing activities: |
||||||||
Purchases of property and equipment |
( |
) | ( |
) | ||||
Other |
||||||||
Net cash used in investing activities |
( |
) | ( |
) | ||||
Cash flows from financing activities: |
||||||||
Payment of dividends |
( |
) |
( |
) | ||||
Repurchases of common stock |
( |
) | ( |
) | ||||
Borrowings under revolving line of credit |
— |
|||||||
Tax withholdings related to stock-based awards |
( |
) | ( |
) | ||||
Net cash used in financing activities |
( |
) | ( |
) | ||||
Effect of exchange rates on cash and cash equivalents |
( |
) | ||||||
Net decrease in cash and cash equivalents |
( |
) | ( |
) | ||||
Cash and cash equivalents at beginning of period |
||||||||
Cash and cash equivalents at end of period |
$ | $ | ||||||
| Shares |
||||
| Balance at February 3, 2019 |
|
|||
| Granted |
|
|||
| Granted, with vesting subject to performance conditions |
|
|||
| Released 1 |
( |
) | ||
| Cancelled |
( |
) | ||
| Balance at August 4, 2019 |
|
|||
| Vested plus expected to vest at August 4, 2019 |
|
|||
| In thousands, except per share amounts |
Net Earnings |
Weighted Average Shares |
Earnings Per Share |
|||||||||
| Thirteen weeks ended August 4, 2019 |
||||||||||||
| Basic |
$ | |
|
$ | |
|||||||
| Effect of dilutive stock-based awards |
|
|||||||||||
| Diluted |
$ | |
|
$ | |
|||||||
| Thirteen weeks ended July 29, 2018 |
||||||||||||
| Basic |
$ | |
|
$ | |
|||||||
| Effect of dilutive stock-based awards |
|
|||||||||||
| Diluted |
$ | |
|
$ | |
|||||||
| Twenty-six weeks ended August 4, 2019 |
||||||||||||
| Basic |
$ | |
|
$ | |
|||||||
| Effect of dilutive stock-based awards |
|
|||||||||||
| Diluted |
$ | |
|
$ | |
|||||||
| Twenty-six weeks ended July 29, 2018 |
||||||||||||
| Basic |
$ | |
|
$ | |
|||||||
| Effect of dilutive stock-based awards |
|
|||||||||||
| Diluted |
$ | |
|
$ | |
|||||||
| Thirteen Weeks Ended |
Twenty-six Weeks Ended |
|||||||||||||||
| In thousands |
August 4, 2019 |
July 29, 2018 |
August 4, 2019 |
July 29, 2018 |
||||||||||||
| Pottery Barn |
$ | |
$ | |
$ | |
$ | |
||||||||
| West Elm |
|
|
|
|
||||||||||||
| Williams Sonoma |
|
|
|
|
||||||||||||
| Pottery Barn Kids and Teen |
|
|
|
|
||||||||||||
| Other 1 |
|
|
|
|
||||||||||||
| Total 2 |
$ | |
$ | |
$ | |
$ | |
||||||||
| 2 |
Includes net revenues related to our international operations (including our operations in Canada, Australia, the United Kingdom and our franchise businesses) of approximately $ twenty-six weeks ended August 4,2019 and July 29, 2018, respectively. |
| In thousands |
August 4, 2019 |
July 29, 2018 |
||||||
| U.S. |
$ | |
$ | |
||||
| International |
|
|
||||||
| Total |
$ | |
$ | |
||||
| In thousands |
August 4, 2019 |
July 29, 2018 |
||||||
| Contracts designated as cash flow hedges |
$ | |
$ | |
||||
| Contracts not designated as cash flow hedges |
$ | — |
$ | |
||||
| Thirteen Weeks Ended |
Twenty-six Weeks Ended |
|||||||||||||||||||||||||||||||
| August 4, 2019 |
July 29, 2018 |
August 4, 2019 |
July 29, 2018 |
|||||||||||||||||||||||||||||
| In thousands |
Cost of goods sold |
Selling, general and administrative expenses |
Cost of goods sold |
Selling, general and administrative expenses |
Cost of goods sold |
Selling, general and administrative expenses |
Cost of goods sold |
Selling, general and administrative expenses |
||||||||||||||||||||||||
| Line items presented in the Condensed Consolidated Statement of Earnings in which the effects of derivatives are recorded |
$ | |
$ | |
$ | |
$ | |
$ | |
$ | |
$ | |
$ | |
||||||||||||||||
| Gain (loss) recognized in income |
||||||||||||||||||||||||||||||||
| Derivatives designated as cash flow hedges |
$ | |
$ | — |
$ | ( |
) | $ | |
$ | |
$ | — |
$ | ( |
) | $ | |
||||||||||||||
| Derivatives not designated as hedging instruments |
$ | — |
$ | |
$ | — |
$ | |
$ | — |
$ | |
$ | — |
$ | |
||||||||||||||||
| In thousands |
August 4, 2019 |
July 29, 2018 |
||||||
| Derivatives designated as cash flow hedges: |
||||||||
| Other current assets |
$ | |
$ | |
||||
| Other long-term assets |
$ | |
$ | |
||||
| Derivatives not designated as hedging instruments: |
||||||||
| Other current assets |
$ | |
$ | |
||||
| • | Level 1: inputs which include quoted prices in active markets for identical assets or liabilities; |
| • | Level 2: inputs which include observable inputs other than Level 1 inputs, such as quoted prices in active markets for similar assets or liabilities; quoted prices for identical or similar assets or liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the asset or liability; and |
| • | Level 3: inputs which include unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the underlying asset or liability. |
In thousands |
Foreign Currency Translation |
Cash Flow Hedges |
Accumulated Other Comprehensive Income (Loss) |
|||||||||
Balance at February 3, 2019 |
$ | ( |
) | $ | $ | ( |
) | |||||
Foreign currency translation adjustments |
( |
) | ( |
) | ||||||||
Change in fair value of derivative financial instruments |
— |
|||||||||||
Reclassification adjustment for realized (gain) loss on derivative financial instruments |
— |
( |
) | ( |
) | |||||||
Other comprehensive income (loss) |
( |
) | ( |
) | ||||||||
Balance at May 5, 2019 |
( |
) | ( |
) | ||||||||
Foreign currency translation adjustments |
( |
) | — |
( |
) | |||||||
Change in fair value of derivative financial instruments |
— |
( |
) | ( |
) | |||||||
Reclassification adjustment for realized (gain) loss on derivative financial instruments |
— |
( |
) | ( |
) | |||||||
Other comprehensive income (loss) |
( |
) | ( |
) | ( |
) | ||||||
Balance at August 4, 2019 |
$ | ( |
) | $ | $ | ( |
) | |||||
Balance at January 28, 2018 |
$ | ( |
) | $ | ( |
) | $ | ( |
) | |||
Foreign currency translation adjustments |
( |
) | — |
( |
) | |||||||
Change in fair value of derivative financial instruments |
— |
|||||||||||
Reclassification adjustment for realized (gain) loss on derivative financial instruments |
— |
|||||||||||
Other comprehensive income (loss) |
( |
) | ||||||||||
Balance at April 29, 2018 |
( |
) | ( |
) | ||||||||
Foreign currency translation adjustments |
( |
) | — |
( |
) | |||||||
Change in fair value of derivative financial instruments |
— |
|||||||||||
Other comprehensive income (loss) |
( |
) | ( |
) | ||||||||
Balance at July 29, 2018 |
$ | ( |
) | $ | $ | ( |
) | |||||
Working capital and other assets |
$ | |||
Property and equipment, net |
||||
Intangible assets |
||||
Liabilities |
( |
) | ||
Total identifiable net assets acquired |
$ | |||
Goodwill |
||||
Total purchase consideration |
$ |
| In thousands |
Thirteen weeks ended August 4, 2019 |
Twenty-six weeks ended August 4, 2019 |
||||||
| Operating lease costs |
$ | |
$ | |
||||
| Variable lease costs |
|
|
||||||
| Total lease costs |
$ | |
$ | |
||||
| In thousands |
Thirteen weeks ended August 4, 2019 |
Twenty-six weeks ended |
||||||
| Cash paid for amounts included in the measurement of operating lease liabilities |
$ | |
$ | |
||||
| Net additions to right-of-use assets |
|
|
||||||
| Weighted average remaining lease term (years) |
|
|||
| Weighted average incremental borrowing rate |
|
% |
| In thousands |
||||
| Remaining fiscal 2019 |
$ | |
||
| Fiscal 2020 |
|
|||
| Fiscal 2021 |
|
|||
| Fiscal 2022 |
|
|||
| Fiscal 2023 |
|
|||
| Fiscal 2024 |
|
|||
| Fiscal 2025 and thereafter |
|
|||
| Total lease payments |
|
|||
| Less interest |
( |
) | ||
| Total operating lease liability |
|
|||
| Less current operating lease liability |
( |
) | ||
| Total non-current operating lease liability |
$ | |
||
| In thousands |
||||
| Fiscal 2019 |
$ | |
||
| Fiscal 2020 |
|
|||
| Fiscal 2021 |
|
|||
| Fiscal 2022 |
|
|||
| Fiscal 2023 |
|
|||
| Thereafter |
|
|||
| Total |
$ | |
||
| Thirteen Weeks Ended |
Twenty-six Weeks Ended |
|||||||||||||||
| Comparable brand revenue growth (decline) |
August 4, 2019 |
July 29, 2018 |
August 4, 2019 |
July 29, 2018 |
||||||||||||
| Pottery Barn |
4.2 |
% | 2.0 |
% | 2.9 |
% | 2.3 |
% | ||||||||
| West Elm |
17.5 |
% | 9.5 |
% | 14.8 |
% | 9.2 |
% | ||||||||
| Williams Sonoma |
(1.1 |
%) | 1.6 |
% | (1.3 |
%) | 3.6 |
% | ||||||||
| Pottery Barn Kids and Teen |
3.7 |
% | 5.7 |
% | 2.6 |
% | 5.5 |
% | ||||||||
| Total 1 |
6.5 |
% | 4.6 |
% | 5.1 |
% | 5.1 |
% | ||||||||
1 |
Total comparable brand revenue growth includes the results of Rejuvenation and Mark and Graham. |
| Store Count |
Average Leased Square Footage Per Store |
|||||||||||||||||||||||||||
| May 5, 2019 |
Openings |
Closings |
August 4, 2019 |
July 29, 2018 |
August 4, 2019 |
July 29, 2018 |
||||||||||||||||||||||
| Williams Sonoma |
219 |
— |
(1 |
) | 218 |
226 |
6,800 |
6,800 |
||||||||||||||||||||
| Pottery Barn |
205 |
2 |
(2 |
) | 205 |
205 |
14,400 |
13,900 |
||||||||||||||||||||
| West Elm |
113 |
— |
(1 |
) | 112 |
109 |
13,100 |
13,100 |
||||||||||||||||||||
| Pottery Barn Kids |
78 |
— |
— |
78 |
84 |
7,500 |
7,400 |
|||||||||||||||||||||
| Rejuvenation |
10 |
— |
— |
10 |
8 |
8,500 |
8,800 |
|||||||||||||||||||||
| Total |
625 |
2 |
(4 |
) | 623 |
632 |
10,600 |
10,300 |
||||||||||||||||||||
| Store selling square footage at period-end |
4,124,000 |
4,058,000 |
||||||||||||||||||||||||||
| Store leased square footage at period-end |
6,587,000 |
6,504,000 |
||||||||||||||||||||||||||
| Thirteen Weeks Ended |
Twenty-six Weeks Ended |
|||||||||||||||||||||||||||||||
| In thousands |
August 4, 2019 |
% Net Revenues |
July 29, 2018 |
% Net Revenues |
August 4, 2019 |
% Net Revenues |
July 29, 2018 |
% Net Revenues |
||||||||||||||||||||||||
| Cost of goods sold 1 |
$ | 886,953 |
64.7 |
% | $ | 811,232 |
63.6 |
% | $ | 1,683,754 |
64.5 |
% | $ | 1,582,068 |
63.8 |
% | ||||||||||||||||
1 |
Includes total occupancy expenses of $176,814,000 and $170,798,000 for the second quarter of fiscal 2019 and the second quarter of fiscal 2018, respectively, and $350,667,000 and $344,283,000 for year-to-date fiscal 2019 and year-to-date fiscal 2018, respectively. |
| Thirteen Weeks Ended |
Twenty-six Weeks Ended |
|||||||||||||||||||||||||||||||
| In thousands |
August 4, 2019 |
% Net Revenues |
July 29, 2018 |
% Net Revenues |
August 4, 2019 |
% Net Revenues |
July 29, 2018 |
% Net Revenues |
||||||||||||||||||||||||
| Selling, general and administrative expenses |
$ | 397,696 |
29.0 |
% | $ | 389,776 |
30.6 |
% | $ | 767,895 |
29.4 |
% | $ | 755,390 |
30.5 |
% | ||||||||||||||||
| Fiscal period |
Total Number of Shares Purchased 1 |
Average Price Paid Per Share |
Total Number of Shares Purchased as Part of a Publicly Announced Program 1 |
Maximum Dollar Value of Shares That May Yet Be Purchased Under the Program |
||||||||||||
| May 6, 2019 – June 2, 2019 |
223,925 |
$ | 53.61 |
223,925 |
$ | 677,963,000 |
||||||||||
| June 3, 2019 – June 30, 2019 |
188,106 |
$ | 60.55 |
188,106 |
$ | 666,573,000 |
||||||||||
| July 1, 2019 – August 4, 2019 |
223,495 |
$ | 66.62 |
223,495 |
$ | 651,685,000 |
||||||||||
| Total |
635,526 |
$ | 60.24 |
635,526 |
$ | 651,685,000 |
||||||||||
1 |
Excludes shares withheld for employee taxes upon vesting of stock-based awards. |
| Exhibit Number |
Exhibit Description | |||
| 10.1+* |
||||
| 31.1* |
||||
| 31.2* |
||||
| 32.1* |
||||
| 32.2* |
||||
| 101.INS* |
eXtensible Business Reporting Language (XBRL) Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document | |||
| 101.SCH* |
Inline XBRL Taxonomy Extension Schema Document | |||
| 101.CAL* |
Inline XBRL Taxonomy Extension Calculation Linkbase Document | |||
| 101.DEF* |
Inline XBRL Taxonomy Extension Definition Linkbase Document | |||
| 101.LAB* |
Inline XBRL Taxonomy Extension Label Linkbase Document | |||
| 101.PRE* |
Inline XBRL Taxonomy Extension Presentation Linkbase Document | |||
| 104* |
Cover Page Interactive Data File (formatted as Inline XBRL and contained in the Interactive Data Files submitted under Exhibit 101). | |||
| + | Indicates a management contract or compensatory plan or arrangement. |
| * | Filed herewith. |
| WILLIAMS-SONOMA, INC. | ||
| By: |
/s/ Julie Whalen | |
| Julie Whalen | ||
| Duly Authorized Officer and Chief Financial Officer | ||
No information found
* THE VALUE IS THE MARKET VALUE AS OF THE LAST DAY OF THE QUARTER FOR WHICH THE 13F WAS FILED.
| FUND | NUMBER OF SHARES | VALUE ($) | PUT OR CALL |
|---|
| DIRECTORS | AGE | BIO | OTHER DIRECTOR MEMBERSHIPS |
|---|
No information found
No Customers Found
Suppliers
| Supplier name | Ticker |
|---|---|
| Helen of Troy Limited | HELE |
Price
Yield
| Owner | Position | Direct Shares | Indirect Shares |
|---|