Why Williams-Sonoma Stock Jumped on Friday

John Rosevear, The Motley Fool
Why Williams-Sonoma Stock Jumped on Friday

Shares of upscale home-goods retailer Williams-Sonoma (NYSE: WSM) surged on Friday, after the company reported results for the quarter ended May 5 that were well above Wall Street's expectations. Williams-Sonoma's shares ended Friday's session at $83.21, up 13.9% on the day. Williams-Sonoma's results for its fiscal first quarter were surprisingly good given that its stores were closed for most of the period.