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 |
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(State or other jurisdiction of incorporation or organization) |
(I.R.S. Employer Identification No.) | |
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(Address of principal executive offices) |
(Zip Code) |
Title of each class: |
Trading Symbol(s): |
Name of each exchange on which registered: | ||
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☒ |
Accelerated filer |
☐ | ||||
Non-accelerated filer |
☐ |
Smaller reporting company |
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Emerging growth company |
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PAGE |
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Item 1. |
1 |
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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 |
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Item 1. |
23 |
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Item 1A. |
23 |
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Item 2. |
23 |
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Item 3. |
23 |
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Item 4. |
23 |
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Item 5. |
23 |
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Item 6. |
24 |
Thirteen Weeks Ended |
Twenty-six Weeks Ended |
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In thousands, except per share amounts |
August 4, 2019 |
July 29, 2018 |
August 4, 2019 |
July 29, 2018 |
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Net revenues |
$ | |
$ | |
$ | |
$ | |
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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 |
$ | |
$ | |
$ | |
$ | |
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Basic earnings per share |
$ | |
$ | |
$ | |
$ | |
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Diluted earnings per share |
$ | |
$ | |
$ | |
$ | |
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Shares used in calculation of earnings per share: |
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Basic |
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Diluted |
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Thirteen Weeks Ended |
Twenty-six Weeks Ended |
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In thousands |
August 4, 2019 |
July 29, 2018 |
August 4, 2019 |
July 29, 2018 |
||||||||||||
Net earnings |
$ | |
$ | |
$ | |
$ | |
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Other comprehensive income (loss): |
||||||||||||||||
Foreign currency translation adjustments |
( |
) | ( |
) | ( |
) | ( |
) | ||||||||
Change in fair value of derivative financial instruments, net of tax (tax benefit) of $( |
( |
) | |
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|
|||||||||||
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 |
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ASSETS |
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Current assets |
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Cash and cash equivalents |
$ | $ | $ | |||||||||
Accounts receivable, net |
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Merchandise inventories, net |
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Prepaid expenses |
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Other current assets |
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Total current assets |
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Property and equipment, net |
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Operating lease right-of-use assets |
— |
— |
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Deferred income taxes, net |
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Goodwill |
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Other long-term assets, net |
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Total assets |
$ | $ | $ | |||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY |
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Current liabilities |
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Accounts payable |
$ | $ | $ | |||||||||
Accrued expenses |
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Gift card and other deferred revenue |
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Borrowings under revolving line of credit |
— |
— |
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Income taxes payable |
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Operating lease liabilities |
— |
— |
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Other current liabilities |
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Total current liabilities |
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Deferred rent and lease incentives |
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Long-term debt |
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Long-term operating lease liabilities |
— |
— |
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Other long-term liabilities |
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Total liabilities |
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Commitments and contingencies – See Note F |
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Stockholders’ equity |
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Preferred stock: $ |
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Common stock: $ par value; |
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Additional paid-in capital |
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Retained earnings |
||||||||||||
Accumulated other comprehensive loss |
( |
) | ( |
) | ( |
) | ||||||
Treasury stock, at cost: |
( |
) | ( |
) | ( |
) | ||||||
Total stockholders’ equity |
||||||||||||
Total liabilities and stockholders’ equity |
$ | $ | $ |
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Common Stock |
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Additional Paid-in |
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Retained |
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Accumulated Other Comprehensive |
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Treasury |
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Total Stockholders’ |
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In thousands |
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Shares |
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Amount |
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Capital |
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Earnings |
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Income (Loss) |
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Stock |
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Equity |
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Balance at February 3, 2019 |
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$ | |
$ | |
$ | |
$ | ( |
) | $ | ( |
) | $ | |
|||||||||||||
Net earnings |
— |
— |
— |
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— |
— |
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|||||||||||||||||||||
Foreign currency translation adjustments |
— |
— |
— |
— |
( |
) | — |
( |
) | |||||||||||||||||||
Change in fair value of derivative financial instruments, net of tax |
— |
— |
— |
— |
|
— |
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|||||||||||||||||||||
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 |
— |
— |
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— |
— |
— |
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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 |
— |
— |
|
— |
— |
— |
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|||||||||||||||||||||
Dividends declared |
— |
— |
— |
( |
) | — |
— |
( |
) | |||||||||||||||||||
Balance at August 4, 2019 |
|
$ | |
$ | |
$ | |
$ | ( |
) | $ | ( |
) | $ | |
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|
Common Stock |
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Additional Paid-in |
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Retained |
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Accumulated Other Comprehensive |
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Treasury |
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Total Stockholders’ |
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In thousands |
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Shares |
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Amount |
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Capital |
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Earnings |
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Income (Loss) |
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Stock |
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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 |
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Granted |
|
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Granted, with vesting subject to performance conditions |
|
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Released 1 |
( |
) | ||
Cancelled |
( |
) | ||
Balance at August 4, 2019 |
|
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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 |
|
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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 |
|
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|
|
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Williams Sonoma |
|
|
|
|
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Pottery Barn Kids and Teen |
|
|
|
|
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Other 1 |
|
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|
|
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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 |