secwatch.observer — SEC 8-K summary
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Issuer:     WILLIAMS SONOMA INC (WSM)
CIK:        0000719955
Form:       8-K
Filed at:   2024-05-22T23:59:59+00:00
Accession:  0001628280-24-024629
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WSM Q1: comps -4.9%, operating margin 19.5% (adj.) / 16.6% (core); raises FY margin outlook
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- Comparable brand revenue -4.9% vs. LY; 2-year comp -10.9%, 3-year comp -1.4%.
- GAAP operating margin 19.5% (includes +290bps out-of-period freight adjustment); core operating margin 16.6%.
- GAAP diluted EPS $4.07; core diluted EPS $3.48; out-of-period adjustment of $49M corrected prior freight over-accrual.
- Raises FY2024 operating margin guidance to 17.6%-18.0% (incl. adj.) / 17.0%-17.4% (core); revenue guidance unchanged at -3% to +3%.
- Inventories -13.1% to $1.2B; cash & operating cash flow $227M; returned $107M via dividends and buybacks.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/719955/000162828024024629/0001628280-24-024629-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/719955/000162828024024629/wsm-20240522.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-024629

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