secwatch.observer — SEC 8-K summary
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Issuer:     WILLIAMS SONOMA INC (WSM)
CIK:        0000719955
Form:       8-K
Filed at:   2024-08-22T23:59:59+00:00
Accession:  0001628280-24-038109
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WSM Q2 EPS $1.74 (+11.5% YoY); comps -3.3%; raises FY24 op margin guide to 17.4%-17.8%
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- Q2 comparable brand revenue -3.3%; gross margin 46.2% (+550bps YoY) on merchandise margins and supply chain.
- Diluted EPS $1.74 (+11.5% YoY); operating margin 16.2% (+160bps YoY).
- Revises FY24 outlook: net revenue -4.0% to -1.5%; operating margin raised to 17.4%-17.8% (excl $49M out-of-period adj).
- Recorded $49M out-of-period freight expense correction in Q1 2024; prior periods not materially misstated.
- Returned $203M to shareholders via $130M buybacks and $73M dividends; liquidity $1.3B cash.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/719955/000162828024038109/0001628280-24-038109-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/719955/000162828024038109/wsm-20240822.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-038109

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