Welcome to our dedicated page for Williams Sonoma news (Ticker: WSM), a resource for investors and traders seeking the latest updates and insights on Williams Sonoma stock.
Williams-Sonoma, Inc. (WSM) maintains its position as a leader in premium home furnishings through strategic innovation and multi-brand excellence. This dedicated news hub provides investors and industry observers with essential updates directly from the company and verified sources.
Access official press releases, earnings call details, and operational developments impacting this specialty retail leader. Our curated collection includes product launch announcements, sustainability initiatives, leadership updates, and partnership disclosures - all critical for understanding WSM's market position.
Key coverage areas include quarterly financial results, brand expansion strategies, design innovation milestones, and omni-channel retail advancements. The archive serves as a vital resource for tracking the company's performance across its Williams-Sonoma, West Elm, and Pottery Barn subsidiaries.
Bookmark this page for streamlined access to the information driving decisions in the $750 billion global home furnishings market. Combine these verified updates with our analysis tools for comprehensive investment research.
Williams-Sonoma (NYSE: WSM) reported Q1 2024 results with a -4.9% decrease in comparable brand revenue. The gross margin reached 48.3%, boosted by an out-of-period adjustment. The adjusted gross margin was 45.4%, up by 690bps compared to last year. Operating margin stood at 19.5%, and diluted EPS was $4.07.
Without the adjustment, the operating margin was 16.6%, and diluted EPS was $3.48. The company raised its full-year operating margin outlook to 17.6%-18.0%, including the adjustment's impact. Williams-Sonoma maintained a strong liquidity position with $1.3 billion in cash and generated $227 million in operating cash flow. The company returned $107 million to shareholders through dividends and stock repurchases.
For FY 2024, Williams-Sonoma expects net revenue growth between -3% and +3%, with an operating margin of 17.0%-17.4% excluding the adjustment. The company also expects $40 million in annual interest income and a 25.5% effective tax rate.
Williams-Sonoma (NYSE: WSM) will release its first quarter results on Wednesday, May 22, 2024, before the market opens. The company will also host a conference call at 10:00 AM Eastern Time, accessible via their investor relations website. A replay will be available starting at 12:00 PM ET the same day. Williams-Sonoma is a leading digital-first, design-led sustainable home retailer with brands like Pottery Barn, West Elm, and Williams Sonoma Home. They operate in various regions including the U.S., Canada, Australia, and the UK, with international shipping and franchisees in multiple countries. The company emphasizes its commitment to sustainability through its Good By Design initiative, integrating ESG efforts across its operations.
Pottery Barn, a brand of Williams-Sonoma, Inc. (NYSE: WSM), launches the Summer 2024 Coastal Lookbook, offering exclusive products designed for effortless summer living. The Coastal Lookbook features classic, timeless designs for every room in the home, curated to evoke feelings of coastal living. The company provides free design services to help customers with any project. Pottery Barn focuses on quality, sustainability, and service, offering a range of home furnishings and decor.
Pottery Barn Teen, a brand under Williams-Sonoma, Inc. (NYSE: WSM), has launched an enhanced dorm collection with new digital tools and an improved shopping experience. The new features include a 3D visualizer, an Ultimate Dorm Wishlist, a pick-up near campus option, free Dorm Design Services, and an expanded product assortment. These additions aim to simplify dorm room shopping for customers, providing a seamless experience from start to finish.
Williams Sonoma, Inc. (NYSE: WSM) launched a new mobile iOS shopping app for Williams Sonoma and Williams Sonoma Home, offering shoppable content, registry services, and exclusive recipes. The app aims to provide a seamless shopping experience for customers, allowing them to shop curated products, manage registries, and access thousands of recipes. Additional features include curated content, expert design help, store mode, and more.
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