earnings
confidence high
sentiment positive
materiality 0.70
Williams-Sonoma Q3 EPS $3.72 (+13% YoY); comp brand revenue +8.1%; reiterates FY guidance
WILLIAMS SONOMA INC
2022-Q3 EPS reported
$11.08
revenue$6,221,338,000
- Diluted EPS $3.72, up 13.1% GAAP and 12.0% non-GAAP; operating margin 15.5%.
- Comparable brand revenue +8.1% (2-year comp +25.0%, 3-year comp ~50%).
- Gross margin 41.5% (down 220bps) from higher shipping/freight; merchandise margin flat YoY.
- Generated $205M operating cash flow; ended Q3 with $113M cash.
- Reiterated FY2022 mid-to-high single digit net revenue growth; operating margin relatively in-line with FY2021.