earnings
confidence high
sentiment positive
materiality 0.75
Williams-Sonoma Q2 record: comp revenue +11.3%, EPS $3.87 (+20.6%), reaffirms FY22 outlook
WILLIAMS SONOMA INC
2022-Q2 EPS reported
$7.36
revenue$4,028,764,000
- Comparable brand revenue growth of 11.3% with double-digit growth in e-commerce and retail; Pottery Barn accelerated to +21.5%.
- Operating margin 17.1% with 50bps expansion; diluted EPS $3.87, up 20.6% YoY.
- Stock repurchases of over $265M in Q2 and over $765M YTD; generated $199M operating cash flow.
- Gross margin 43.5%, down 60bps on higher shipping and freight costs, partially offset by merchandise margin expansion.
- Reiterated FY22 guidance and long-term outlook of mid-to-high single-digit revenue growth, $10B revenue target by FY24.