Williams-Sonoma posts quarterly results beat, reiterates annual sales forecast?

Nov 19 (Reuters) - Pottery Barn (WSM) owner Williams-Sonoma (WSM) kept its annual sales forecast intact on Wednesday, after topping quarterly estimates, signaling rising pressure of tariff-led uncertainty on demand for discretionary items including furniture and home decor.

U.S. President Donald Trump's recently announced 50% duty on imported kitchen cabinets and bathroom vanities, as well as 30% tariff on upholstered furniture, has been posing significant challenges for furniture retailers and home builders.

In fiscal 2024, Williams-Sonoma (WSM) sourced about 23% of its merchandise from China, 16% from India and 14% from Vietnam. About 18% of its products were produced in the U.S. during the same period.

Shares of the company were up about 2% following the results amid broader market gains.

Rivals such as Wayfair (W) reported a surge in demand amid tariff uncertainty. However, Home Depot (HD) missed its quarterly profit estimates on Tuesday.

Williams-Sonoma (WSM) reiterated its fiscal 2025 comparable sales forecast in the range of 2% to 5%.

However, the company's third-quarter revenue of $1.88 billion beat analysts' average estimate of $1.87 billion, according to data compiled by LSEG.

Its profit of $1.96 per share for the quarter ended November 2 surpassed estimates of $1.87. (Reporting by Koyena Das and Anuja Bharat Mistry in Bengaluru; Editing by Shreya Biswas)