WilliamsSonoma Inc  (WSM) Trade Now »     Rate WSM  -  Discuss WSM  -  Add to Watch List        

Filed under: Bargain stocks, Stocks to Buy, Recession

Back in late September, I suggested that investors should wait before investing in specialty retailer Williams-Sonoma Inc. (NYSE: WSM).

I argued then that the price tag for purchasing the company's goods was too high for most consumers in the current environment, as the days of easy money were over.

No more endless dollars from rising home values funding unlimited purchase of goods like furniture, beds and kitchen gadgets of the sort sold by WSM. This was evidenced by continuing declining earnings and same-store sales at the company.

Williams-Sonoma, Inc. ( WSM ) today announced operating results for the first quarter ended May 4, 2008.

FIRST QUARTER 2008 -- RESULTS FOR THE 13 WEEKS ENDED MAY 4, 2008

Net revenues for the 13 weeks ended May 4, 2008, decreased 4.2% to $781.8 million versus $816.1 million for the 13 weeks ended April 29, 2007.

Williams-Sonoma, Inc. ( WSM ) today announced operating results for the first quarter ended May 4, 2008.

FIRST QUARTER 2008 -- RESULTS FOR THE 13 WEEKS ENDED MAY 4, 2008

Net revenues for the 13 weeks ended May 4, 2008, decreased 4.2% to $781.8 million versus $816.1 million for the 13 weeks ended April 29, 2007.