---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-030310"
form_type: "8-K"
ticker: "WSM"
cik: "0000719955"
company_name: "WILLIAMS SONOMA INC"
filed_at: "2023-08-23T23:59:59+00:00"
generated_at: "2026-06-11T05:09:50.748318+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0001628280-23-030310
- form_type: 8-K
- ticker: WSM
- cik: 0000719955
- company_name: WILLIAMS SONOMA INC
- filed_at: 2023-08-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/719955/000162828023030310/0001628280-23-030310-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/719955/000162828023030310/wsm-20230823.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-030310
- JSON: https://secwatch.observer/filing/0001628280-23-030310.json
- Plain text: https://secwatch.observer/filing/0001628280-23-030310.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/719955/000162828023030310/0001628280-23-030310-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.