Williams-Sonoma (WSM) Tops Q4 EPS by 4c, Raises Dividend and Announces $1 Billion Buyback

Williams-Sonoma (NYSE: WSM) reported Q4 EPS of $5.50, $0.04 better than the analyst estimate of $5.46. Revenue for the quarter came in at $2.45 billion versus the consensus estimate of $2.6 billion.

DIVIDENDS AND SHARE REPURCHASE AUTHORIZATIONS

• Increased our quarterly dividend 15%, or $0.12, to $0.90 per share.
• Expanded our stock buy-back capacity to $1 billion.

OUTLOOK

• In fiscal 2023, we expect annual net revenue growth in the range of -3% to +3% with an operating margin between 14% to 15%.
• In the long-term, we expect mid-to-high single-digit annual net revenue growth with operating margin above 15%.

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

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