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) is a leading specialty retailer in the United States, founded in 1956. The company offers high-quality products for the kitchen and home through its well-known brands such as Williams-Sonoma, Pottery Barn, Pottery Barn Kids, PBteen, West Elm, Williams-Sonoma Home, Rejuvenation, and Mark and Graham. These brands are respected for their beautifully designed, functional, and stylish products across various home areas, including the kitchen, living room, bedroom, home office, closet, laundry room, and outdoor spaces.
With a robust retail and direct-to-consumer presence, Williams-Sonoma operates in a $300 billion domestic home category and a $450 billion international home market. The company is actively expanding its footprint in the B2B sector, marketplace, and franchise areas. Williams-Sonoma has a notable presence with 156 Williams-Sonoma stores, 184 Pottery Barn stores, 45 Pottery Barn Kids stores, 121 West Elm stores, and 11 Rejuvenation stores. The company's diverse product range and dedication to high-quality customer service have positioned it as a multi-brand, multi-channel global enterprise, supported by advanced technology and skilled teams.
Williams-Sonoma recently announced its 2024 partners for the World's Strongest Man competition, returning to Myrtle Beach, South Carolina. The event will showcase top athletes and involve partnerships with prominent brands such as Monro, BFGoodrich Tires, SBD Apparel, Rogue Fitness, and others. Williams-Sonoma’s engagement in such significant events highlights its commitment to community involvement and brand visibility.
Financially, Williams-Sonoma continues to demonstrate strong performance, driven by innovative product offerings and strategic market expansions. The company's efforts in supporting large-scale residential and commercial projects through its business-to-business services further bolster its market standing.
Overall, Williams-Sonoma, Inc. is a significant player in the home and kitchen retail sector, combining a rich legacy with forward-looking strategies to enhance customer experiences and drive growth.
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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