The parent company of furniture retail brand West Elm has reported a decline in full year sales.

According to its latest trading update for Q4 and its fiscal year ended 2 February 2025, Williams-Sonoma, Inc. reported overall sales for the fourth quarter of $2.4bn, up 3.1% from $2.2bn on the same period last year. Net earnings increased to $410.7m from $354.4m.

Its West Elm brand saw revenues grow 4.2% to $501m from $453m, while the Williams Sonoma brand registered an uptick of 5.7% to $573m. Pottery Barn sales fell 0.5% to $919m.

As for the full year, total sales were down 1.6% to $7.71bn from $7.75bn, while net earnings resulted at $1.1bn, up from $949.7m year-on-year.

Its West Elm brand saw revenues decline 2% to $1.84bn from $1.85bn, while the Williams Sonoma brand registered an uptick of 2.4% to $1.3bn. Pottery Barn sales fell 6.2% to $3bn.

Laura Alber, President and Chief Executive Officer, said: “We are proud of our strong finish to 2024. In Q4, our comp came in above expectations at positive 3.1%. We exceeded profitability estimates with an operating margin of 21.5% and earnings per share of $3.28. This success was fueled by the strength of our operating model, our standout seasonal offerings, our impactful collaborations, and a strong improvement in both retail and online furniture sales. On the full year, our comp ran down 1.6%. We delivered a record annual operating margin of 17.9% with full-year earnings per share of $8.50.

“Looking to 2025, we are confident in our strategies and competitive positioning. Despite an uncertain backdrop, we have been, and will continue to be, focused on returning to growth, enhancing our world-class customer service, and driving earnings. We are innovators and operators and are well set up for a great 2025.”