Williams-Sonoma Q1 Adj. EPS Tops Estimates
(RTTNews) - Luxury home furnishing retailer Williams-Sonoma Inc. (WSM) reported Tuesday first-quarter net earnings of $156.53 million or $2.35 per share, down from $254.11 million or $3.50 per share in the prior-year quarter.
Adjusted earnings for the quarter were $2.64 per share, compared to $3.50 per share last year. On average, 20 analysts polled by Thomson Reuters expected the company to report earnings of $2.37 per share for the quarter. Analysts' estimates typically exclude one-time items.
Net revenues for the quarter decreased to $1.76 billion from $1.89 billion in the same quarter last year. Analysts had a consensus revenue estimate of $1.79 billion for the quarter.
Comparable brand revenue declined 6.0 percent.
Looking ahead to fiscal 2023, the company still expects net revenue growth in the range of -3% to +3%. The Street is looking a 4.0 percent revenue decline to $8.33 billion for the quarter.
For the long term, the company expects mid-to-high single-digit annual net revenue growth.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
Williams-Sonoma Slashes FY24 Revenue Outlook As Q2 Revenues Miss Estimates
Williams-Sonoma Q4 Results Top Estimates; Guides FY24 Revenue Growth In Line; Boosts Dividend 26%
Williams-Sonoma Slashes FY23 Revenue Outlook As Q2 Revenues Miss Estimates
U.S. Dollar Advances As Investors Analyze NFP Data Amid U.S.-Iran Stalemate
Swiss Market Ends Notably Lower
European Stocks Tumble On AI Regulation Fears
Canadian Market Up Firmly As Traders React To Jobs Data, Earnings
