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However, WSM shares have retreated 2% in price since the company’s quarterly earnings release on November 18, despite its reporting impressive financials. Rising investor concerns regarding supply chain bottlenecks as seasonal demand increases have caused the shares to slump.
Nevertheless, WSM is expected to maintain its growth streak regardless of the temporary headwinds, thanks to its substantial inventory levels and leading market share. The company’s merchandise inventory increased 13% year-over-year to $2.18 billion as of October 31. Furthermore, WSM’s merchandise inventory improved 24.6% from January 31, 2021, to October 31, 2021.
