Williams-Sonoma (WSM) Tops Q2 EPS by 38c, Revenues Beat; Reiterates Outlook

Williams-Sonoma (NYSE: WSM) reported Q2 EPS of $3.87, $0.38 better than the analyst estimate of $3.49. Revenue for the quarter came in at $2.14 billion versus the consensus estimate of $2.03 billion.

GUIDANCE:

Given our strong performance through the first half of fiscal 2022, the continued success of our new initiatives, and our competitive advantages that are rooted in our key differentiators (our in-house design, our digital-first channel strategy, and our values), we are reiterating our fiscal year 2022 and long-term financial outlook of mid-to-high single digit annual net revenue growth, increasing revenues to $10 billion by fiscal year 2024, and operating margins relatively in-line with our fiscal year 2021 operating margin.

For earnings history and earnings-related data on Williams-Sonoma (WSM) click here.

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