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Williams-Sonoma Stock Sinks as Retailer Cuts Full-Year Revenue Outlook
Investopedia· 2024-08-22 18:46
Key Takeaways Williams-Sonoma shares sank in intraday trading Thursday as weak comparable sales forced the retailer to lower its full-year projections. The company behind its namesake brand and Pottery Barn now projects revenue to fall year-over-year. Sales have struggled as inflation has led many Americans to focus on essentials and find value, opting for lower-cost retailers like Target. Shares of Williams-Sonoma (WSM) tumbled in intraday trading Thursday as comparable sales fell more than expected across ...
Why Williams-Sonoma Stock Was Falling Today
The Motley Fool· 2024-08-22 17:10
The home-furnishings retailer posted weak sales results in its second quarter. Shares of Williams-Sonoma (WSM -7.51%) were pulling back today after the high-end home furnishings company missed top-line estimates and posted declining comparable sales in its second-quarter report. As of 10:56 a.m. ET, the stock was down 8.5% on the news. Williams-Sonoma is still facing headwinds Like most of its home furnishings peers, Williams-Sonoma has struggled in the current environment as the sluggish housing market has ...
Williams-Sonoma(WSM) - 2024 Q2 - Earnings Call Transcript
2024-08-22 17:00
Williams-Sonoma, Inc. (NYSE:WSM) Q2 2024 Results Conference Call August 22, 2024 10:00 AM ET Company Participants Jeremy Brooks - Chief Accounting Officer and Head of IR Laura Alber - President and CEO Jeff Howie - EVP and CFO Conference Call Participants Chuck Grom - Gordon Haskett Peter Benedict - Baird Cristina Fernandez - Telsey Advisory Group Brian Nagel - Oppenheimer Simeon Gutman - Morgan Stanley Maksim Rakhlenko - TD Cowen Marni Shapiro - Retail Tracker Seth Basham - Wedbush Securities Steven Zaccon ...
WSM Stock Earnings: Williams-Sonoma Beats EPS, Misses Revenue for Q2 2024
Investor Place· 2024-08-22 16:52
Williams-Sonoma (NYSE:WSM) just reported results for the second quarter of 2024. Williams-Sonoma reported earnings per share of $1.74. This was above the analyst estimate for EPS of $1.59. The company reported revenue of $1.79 billion. This was 1.22% worse than the analyst estimate for revenue of $1.81 billion. InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share ...
Williams-Sonoma (WSM) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2024-08-22 15:01
Williams-Sonoma (WSM) reported $1.79 billion in revenue for the quarter ended July 2024, representing a year-over-year decline of 4%. EPS of $1.74 for the same period compares to $1.56 a year ago. The reported revenue represents a surprise of -1.48% over the Zacks Consensus Estimate of $1.82 billion. With the consensus EPS estimate being $1.64, the EPS surprise was +6.10%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine t ...
Williams-Sonoma (WSM) Surpasses Q2 Earnings Estimates
ZACKS· 2024-08-22 14:12
Williams-Sonoma (WSM) came out with quarterly earnings of $1.74 per share, beating the Zacks Consensus Estimate of $1.64 per share. This compares to earnings of $1.56 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 6.10%. A quarter ago, it was expected that this seller of cookware and home furnishings would post earnings of $1.39 per share when it actually produced earnings of $2.04, delivering a surprise of 46.76%. Over the ...
Williams-Sonoma(WSM) - 2025 Q2 - Quarterly Results
2024-08-22 12:03
Exhibit 99.1 Williams-Sonoma, Inc. announces second quarter 2024 results Q2 comparable brand revenue -3.3% Q2 operating margin of 16.2%; diluted EPS growth of 11.5% to $1.74 Revises 2024 outlook with lower revenues offset by higher operating margin San Francisco, CA, August 22, 2024 – Williams-Sonoma, Inc. (NYSE: WSM) today announced operating results for the second quarter ended July 28, 2024 versus the second quarter ended July 30, 2023. "Today we are reporting strong results for the second quarter of 202 ...
Williams-Sonoma (WSM) Q2 Earnings Loom: Buy, Sell or Wait?
ZACKS· 2024-08-20 19:06
Williams-Sonoma, Inc. (WSM) is scheduled to release second-quarter fiscal 2024 results on Aug 22, before market open. In the first quarter of fiscal 2024, Williams-Sonoma delivered strong financial results, with earnings per share (EPS) of $2.04, surpassing expectations by 65 cents, despite a 5.4% year-over-year revenue decline to $1.66 billion. The company achieved a 19.5% operating margin, boosted by a $49 million reversal of freight-related accruals. Without this adjustment, the margin was 16.6%. WSM's s ...
Williams-Sonoma (WSM) Outperforms Broader Market: What You Need to Know
ZACKS· 2024-08-15 22:51
Williams-Sonoma (WSM) closed the latest trading day at $141.03, indicating a +1.74% change from the previous session's end. The stock exceeded the S&P 500, which registered a gain of 1.61% for the day. On the other hand, the Dow registered a gain of 1.39%, and the technology-centric Nasdaq increased by 2.34%. The seller of cookware and home furnishings's stock has dropped by 7.64% in the past month, falling short of the Retail-Wholesale sector's loss of 4.92% and the S&P 500's loss of 2.88%. The investment ...
Why Williams-Sonoma (WSM) Could Beat Earnings Estimates Again
ZACKS· 2024-08-12 17:11
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Williams-Sonoma (WSM) , which belongs to the Zacks Retail - Home Furnishings industry. This seller of cookware and home furnishings has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 27.14%. For the last reported quarter, Williams-Sonoma came out with ea ...