WSM Q2 EPS $3.12 beats; guides FY23 revenue down 5-10% but margin up to 15-16%

WILLIAMS SONOMA INC

2023-Q2 EPS reported $5.46 revenue$3,618,065,000

Q2 comparable brand revenue -11.9% YoY; 2-yr comp flat, 4-yr comp +39.7%.
Diluted EPS $3.12 vs prior year; operating margin 14.6% well above estimates.
Gross margin 40.7% down 280bps; occupancy costs up 5.3% to $203M.
Inventories down 16% to $1.3B; cash $514M, no borrowings; operating cash flow $372M.
FY2023 guidance revised: revenue -5% to -10%; operating margin raised to 15%-16%.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

WILLIAMS SONOMA INC reported second quarter ended July 30, 2023 results: EPS $3.12. Guidance raised.

Period: second quarter ended July 30, 2023
EPS: $3.12
Guidance: raised
Result: reported results

Exact text from the filing

Williams-Sonoma, Inc. announces second quarter 2023 results Q2 comparable brand revenue -11.9% Operating margin of 14.6%; diluted EPS of $3.12 Revises 2023 outlook with lower revenues offset by higher operating margin

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Source: SEC EDGAR

accession 0001628280-23-030310

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