Williams-Sonoma (WSM) Tops Q4 EPS by 37c

Williams-Sonoma (NYSE: WSM) reported Q4 EPS of $3.28, $0.37 better than the analyst estimate of $2.91. Revenue for the quarter came in at $2.46 billion versus the consensus estimate of $2.35 billion.

We are proud of our strong finish to 2024. In Q4, our comp came in above expectations at positive 3.1%. We exceeded profitability estimates with an operating margin of 21.5% and earnings per share of $3.28. This success was fueled by the strength of our operating model, our standout seasonal offerings, our impactful collaborations, and a strong improvement in both retail and online furniture sales. On the full year, our comp ran down 1.6%. We delivered a record annual operating margin of 17.9% with full-year earnings per share of $8.50,” said Laura Alber, President and Chief Executive Officer.

Alber concluded, “Looking to 2025, we are confident in our strategies and competitive positioning. Despite an uncertain backdrop, we have been, and will continue to be, focused on returning to growth, enhancing our world-class customer service, and driving earnings. We are innovators and operators and are well set up for a great 2025.”

GUIDANCE:

For the fourth quarter fiscal 2024, we estimate this additional week contributed +510bps to revenue growth and +60bps to operating margin.

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

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