secwatch.observer — SEC 8-K summary
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Issuer:     WILLIAMS SONOMA INC (WSM)
CIK:        0000719955
Form:       8-K
Filed at:   2023-08-23T23:59:59+00:00
Accession:  0001628280-23-030310
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/719955/000162828023030310/0001628280-23-030310-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/719955/000162828023030310/wsm-20230823.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-030310

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer