Williams-Sonoma has raised its full fiscal year guidance, reflecting higher net revenue trends and higher operating margin expectations.

The company now forecasts an annual revenue decline of 3 per cent to 1.5 per cent and an operating margin of 18.4 per cent to 18.8 per cent.

During the fiscal third quarter, net earnings grew 4.9 per cent to $249 million while net revenue fell 2.9 per cent to $1.8 billion. Comparable brand revenue decreased 2.9 per cent.

“The quarter was driven by continued improvement in our sales trend, market-share gains, and strong profit,” said Laura Alber, Williams-Sonoma president and CEO.

“Our strategy of focusing on returning to growth, enhancing our world-class customer service, and driving margin is working. And, as we head into the last quarter of the year, we are optimistic and confident about our business.”