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.

View on SEC.gov

168 earnings releases filed in the last 30 days. Browse all earnings releases →

WILLIAMS SONOMA INC filing history →

Source: SEC EDGAR

accession 0001628280-23-019381

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.