earnings
confidence high
sentiment positive
materiality 0.70
Williams-Sonoma Q1 EPS $1.85, comps +3.4%; reiterates FY25 guidance
WILLIAMS SONOMA INC
2025-Q1 EPS reported
$1.85
revenue$1,730,113,000
- Q1 comparable brand revenue +3.4%; operating margin 16.8%; diluted EPS $1.85 (down 7% YoY, but up 8.8% excluding prior-year freight adjustment).
- Gross margin 44.3%, down 360bps YoY including $49M prior-year freight benefit; adjusted operating margin +70bps YoY.
- Liquidity of $1.0B cash; returned $165M to shareholders via $90M buybacks and $75M dividends; $1.1B remaining authorization.
- Reiterated FY25 guidance: net revenues -1.5% to +1.5% (53rd week impact), comps flat to +3.0%, operating margin 17.4%-17.8%.
- Inventories +10.3% to $1.3B due to strategic pull-forward to mitigate tariffs; absorbing current China 30%, global 10%, Mexico/Canada & steel/aluminum 25% tariffs.
item 2.02item 9.01