Williams-Sonoma Inc. celebrated the opening of four stores in the Bondi Junction suburb of Sydney, Australia. The Williams-Sonoma, Pottery Barn, Pottery Barn Kids and West Elm stores will open at 10 a.m. on May 2, preceded by a ribbon cutting hosted by The Honorable Barry O'Farrell MP, Premier of New South Wales.

Williams-Sonoma Inc. reported unaudited consolidated earnings results for fourth quarter and fiscal year ended February 3, 2013. For the quarter, the company reported net revenues of $1,406,419,000 against $1,268,144,000 a year ago. Operating income was $210,441,000 compared to $197,203,000 a year ago. Earnings before income taxes were $210,702,000 against $197,364,000 a year ago. Net earnings were $133,734,000 or $1.34 per diluted share against $122,586,000 or $1.17 per diluted share a year ago. Non-GAAP Diluted EPS Excluding Unusual Business Events was $1.34 compared to $1.17 last year. For the year, the company reported net revenues of $4,042,870,000 against $3,720,895,000 a year ago. Operating income was $409,163,000 compared to $381,732,000 a year ago. Earnings before income taxes were $409,956,000 against $381,830,000 a year ago. Net earnings were $256,730,000 or $2.54 per diluted share against $236,931,000 or $2.22 per diluted share a year ago. Net cash provided by operating activities was $364,127,000 against $291,334,000 a year ago. Purchases of property and equipment were $205,404,000 against $130,353,000 a year ago. Non-GAAP Diluted EPS Excluding Unusual Business Events was $2.58 compared to $2.24 last year. The company provided earnings guidance for the first quarter and fiscal year 2013. For the first quarter, the company expects net revenues to be in the range of $850 to $870 million, Comparable brand revenue growth is expected to be in the range of 4% to 6%. Diluted EPS is expected to be in the range of $0.33 to $0.36. For full year, the company expects total net revenues to be $4,200 million to $4,280 million, diluted EPS to be $2.65 to $2.75, income tax rate to be 38.2% to 38.6%, depreciation and amortization to be $150 to $160 million. Capital spending is expected to be in the range of $200 million to $220 million. The company planned to open 8 new stores in fiscal year 2013. The company planned to close 15 stores in fiscal year 2013.

Williams-Sonoma Inc. announced that Richard Harvey, President of the Williams-Sonoma brand, will be leaving the company on May 3, 2013, after 30 years of service. Janet Hayes, currently the President of Pottery Barn Kids and PBteen, will become President of the Williams-Sonoma brand, effective March 20, 2013. Hayes has served as President, Pottery Barn Kids and PBteen, since 2010. From 2008 to 2010, she served as Executive Vice President, Pottery Barn Kids and PBteen, and from 2007 to 2008, she served as Senior Vice President and General Merchandise Manager, Pottery Barn. Prior to 2007, she held roles at American Eagle Outfitters, Nike and Gap.