secwatch.observer — SEC 8-K summary
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Issuer:     WILLIAMS SONOMA INC (WSM)
CIK:        0000719955
Form:       8-K
Filed at:   2023-05-23T23:59:59+00:00
Accession:  0001628280-23-019381
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/719955/000162828023019381/0001628280-23-019381-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/719955/000162828023019381/wsm-20230523.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-019381

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