secwatch.observer — SEC 8-K summary
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Issuer:     WILLIAMS SONOMA INC (WSM)
CIK:        0000719955
Form:       8-K
Filed at:   2024-03-13T23:59:59+00:00
Accession:  0001628280-24-010801
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Williams-Sonoma Q4 EPS $5.44 beats FY guidance; dividend up 26%, new $1B buyback
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- Q4 diluted EPS $5.44; FY23 non-GAAP EPS $14.85, beating comp guidance of -10% to -12%.
- FY23 comparable brand revenue -9.9%; operating margin 16.4% (non-GAAP), exceeding pre-pandemic profitability.
- Quarterly dividend raised 26% to $1.13/share, payable May 24, 2024 to holders of record Apr 19, 2024.
- Board approved new $1B stock repurchase authorization, superseding prior authorization.
- FY24 guidance: revenue -3% to +3%; comps -4.5% to +1.5%; operating margin 16.5%-16.8%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/719955/000162828024010801/0001628280-24-010801-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/719955/000162828024010801/wsm-20240313.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-010801

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