Q1 comparable brand revenue down 6.0%; GAAP EPS $2.35, non-GAAP $2.64

WILLIAMS SONOMA INC

2023-Q1 EPS reported $2.35 revenue$1,755,451,000

Comparable brand revenue declined 6.0% YoY; 2-year comp growth 3.5%.
GAAP operating margin 11.4%, non-GAAP 12.9%; gross margin 38.5% deleveraged 520bps.
GAAP diluted EPS $2.35, non-GAAP $2.64; reiterated FY23 revenue guidance -3% to +3% with operating margin 14-15%.
Recorded $26.2M in restructuring charges (facility exit, Aperture exit, RIF); expects $40M annualized savings.
Strong liquidity: $297M cash, no borrowings; returned $358M to shareholders via buybacks and dividends.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

WILLIAMS SONOMA INC reported the first quarter ended April 30, 2023 results: EPS $2.35 per share. Guidance reaffirmed.

Period: the first quarter ended April 30, 2023
EPS: $2.35 per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Williams-Sonoma, Inc. (NYSE: WSM) today announced operating results for the first quarter ended April 30, 2023 versus the first quarter ended May 1, 2022.

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Source: SEC EDGAR

accession 0001628280-23-019381

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