earnings
confidence high
sentiment positive
materiality 0.80
Williams-Sonoma Q1 EPS $3.50 beats; comp sales +9.5%; record $500M+ buyback; reaffirms FY outlook
WILLIAMS SONOMA INC
2022-Q1 EPS reported
$3.50
revenue$1,891,227,000
- Q1 comparable brand revenue +9.5% YoY (49.9% 2-year); Pottery Barn +14.6%, West Elm +12.8%.
- GAAP diluted EPS $3.50, up 20.7% YoY; non-GAAP EPS $3.50, up 19.5%.
- Gross margin 43.8% (+80bps); operating margin 17.1% (+140bps GAAP).
- Operating cash flow $185M; repurchased over $500M in shares; paid $58M in dividends.
- Reaffirms FY2022 guidance: mid-to-high single digit comps; operating margin relatively flat vs FY2021.