secwatch.observer — SEC 8-K summary
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Issuer:     WILLIAMS SONOMA INC (WSM)
CIK:        0000719955
Form:       8-K
Filed at:   2024-11-20T23:59:59+00:00
Accession:  0001628280-24-048597
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Williams-Sonoma beats Q3 estimates; EPS $1.96 (+7.1% YoY); raises FY2024 guidance
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- Q3 comparable brand revenue -2.9%; operating margin 17.8%; diluted EPS $1.96 (+7.1% YoY).
- Gross margin expanded 230bps to 46.7% on higher merchandise margins and supply chain efficiencies.
- Board approved new $1B stock repurchase authorization; total authorization now $1.3B including remaining $293M.
- Raised FY2024 guidance: revenue decline -3% to -1.5%; operating margin 17.8%-18.2% (excl. $49M freight adj).
- Strong cash position $827M; returned $606M to shareholders via $533M buybacks and $73M dividends in Q3.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/719955/000162828024048597/0001628280-24-048597-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/719955/000162828024048597/wsm-20241120.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-048597

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