Fasai Budkaew/iStock via Getty Images Williams-Sonoma, Inc. (NYSE:WSM) is a stock that we traded in 2021 and have been running a long-term house position in for years. There have been positives, including a recent stock split to attract new investors, ongoing strength in the business despite a very questionable housing market, and the loss of the former catalyst of everyone staying and working at home. Through all of this, management has continued to execute. We think weakness should be bought into the fall ...

Key Takeaways Williams-Sonoma shares sank in intraday trading Thursday as weak comparable sales forced the retailer to lower its full-year projections. The company behind its namesake brand and Pottery Barn now projects revenue to fall year-over-year. Sales have struggled as inflation has led many Americans to focus on essentials and find value, opting for lower-cost retailers like Target. Shares of Williams-Sonoma (WSM) tumbled in intraday trading Thursday as comparable sales fell more than expected across ...

The home-furnishings retailer posted weak sales results in its second quarter. Shares of Williams-Sonoma (WSM -7.51%) were pulling back today after the high-end home furnishings company missed top-line estimates and posted declining comparable sales in its second-quarter report. As of 10:56 a.m. ET, the stock was down 8.5% on the news. Williams-Sonoma is still facing headwinds Like most of its home furnishings peers, Williams-Sonoma has struggled in the current environment as the sluggish housing market has ...

财务数据和关键指标变化 - 第二季度收入为17.9亿美元,略低于预期 [50] - 第二季度同店销售下降3.3%,但优于行业下降约10% [50] - 第二季度毛利率为46.2%,同比提升550个基点,大幅超预期 [52] - 第二季度营业利润率为16.2%,同比提升160个基点 [60] - 第二季度每股收益为1.74美元,同比增长12% [60] 各条业务线数据和关键指标变化 - Pottery Barn第二季度同店销售下降7.1%,但装饰和节日系列表现良好 [22][23] - Pottery Barn Children第二季度同店销售增长1.5%,学生用品和合作系列表现出色 [24][25][26] - West Elm第二季度同店销售下降4.8%,但新品和合作系列表现强劲 [27][28] - Williams-Sonoma第二季度同店销售下降0.8%,新品和独家产品表现良好 [29][30] - Williams-Sonoma Home第二季度同店销售略有增长 [32] 各个市场数据和关键指标变化 - 加拿大市场表现强劲,受益于设计服务、新兴品牌和全渠道服务 [36] - 墨西哥市场表现良好,主要受益于PB Kids业务 [37] - 印度市场是公司重点发展区域,将在年底前在新市场开设2家West Elm门店 [37] 公司战略和发展方向及行业竞争 - 公司将继续专注于产品创新、提升客户体验和提高盈利能力三大关键举措 [14][15][46][47] - 公司将减少全网促销,专注于提供优质产品和服务,提高全价销售占比 [15][20][21] - 公司将持续优化实体店网络,提升线上线下一体化体验 [18][19] - 公司将加大对创意内容的投入,利用社交媒体平台吸引新客户 [87][88] - 公司有信心在当前不确定的宏观环境下继续保持强劲的盈利能力 [43][71] 管理层对经营环境和未来前景的评论 - 受到经济不确定性和房地产市场疲软的影响,公司预计下半年收入增长可能不及预期 [13][64] - 但公司有信心通过提高运营效率和盈利能力来应对挑战 [43][64][67] - 公司认为,当宏观环境和消费者信心好转时,其强大的运营模式和创新能力将带来更大的增长潜力 [151][152] 其他重要信息 - 公司完成2:1股票拆分 [12] - 公司将继续通过股票回购和现金股利向股东回报 [69][70] - 公司2024财年为53周年,第四季度将有14周 [68] 问答环节重要的提问和回答 问题1 **Chuck Grom 提问** 询问公司二季度各月销售情况以及开学季表现 [74][75] **Laura Alber 回答** 公司不过多关注各月销售情况,因为节假日旺季业务的影响更大 [75][76][77] 开学季表现出色,特别是宿舍用品业务,受益于产品创新和渠道优化 [77][78][79] 问题2 **Peter Benedict 提问** 询问公司广告投入情况及未来趋势 [84] **Laura Alber 回答** 公司多品牌组合在营销上有优势,将根据效果灵活调整广告投放 [85][86][87][88] 问题3 **Simeon Gutman 提问** 询问公司是否会增加促销力度来刺激销售 [114] **Laura Alber和Jeff Howie回答** 公司坚持不进行全网促销,而是通过产品创新和营销来推动增长 [115][116][117]

文章核心观点 - Williams-Sonoma公司在2024年第二季度的业绩超出了分析师的预期 [1][2] - 公司的每股收益为1.74美元,高于分析师预期的1.59美元 [2] - 公司的收入为17.9亿美元,低于分析师预期的18.1亿美元,下降1.22% [2] 公司业绩 - 公司在2024年第二季度的每股收益为1.74美元,超出了分析师的预期 [2] - 公司的收入为17.9亿美元,低于分析师预期的18.1亿美元,下降1.22% [2] 报告信息 - 该报告由InvestorPlace Earnings项目自动生成,利用TradeSmith的数据 [3] - 该报告旨在尽快向读者提供最新的财报数据,包括每股收益和收入情况,以及与分析师预期的对比 [3] - 如有任何问题或不准确之处,可以联系编辑部 [3]

Williams-Sonoma (WSM) reported $1.79 billion in revenue for the quarter ended July 2024, representing a year-over-year decline of 4%. EPS of $1.74 for the same period compares to $1.56 a year ago. The reported revenue represents a surprise of -1.48% over the Zacks Consensus Estimate of $1.82 billion. With the consensus EPS estimate being $1.64, the EPS surprise was +6.10%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine t ...

Williams-Sonoma (WSM) came out with quarterly earnings of $1.74 per share, beating the Zacks Consensus Estimate of $1.64 per share. This compares to earnings of $1.56 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 6.10%. A quarter ago, it was expected that this seller of cookware and home furnishings would post earnings of $1.39 per share when it actually produced earnings of $2.04, delivering a surprise of 46.76%. Over the ...

财务表现 - 2024年第二季度可比品牌收入下降3.3%[5] - 第二季度净收入为17.88亿美元，同比下降3.3%[27] - 第二季度Pottery Barn、West Elm和Williams Sonoma品牌的可比销售额分别下降7.1%、4.8%和0.8%[27] - 第二季度营业利润为2.90亿美元，占净收入的16.2%[25] - 第二季度净收益为2.26亿美元，占净收入的12.6%[25] - 第二季度每股基本和稀释收益分别为1.76美元和1.74美元[25] 毛利率和费用 - 毛利率为46.2%，同比增加550个基点，主要由于(i)商品毛利率提高380个基点、(ii)供应链效率提高180个基点,部分被(iii)租金费用下降10个基点所抵消[6] - 销售、一般及管理费用率为30.0%,同比增加390个基点,主要由于绩效奖金和广告支出增加[7] - 第二季度非GAAP毛利率为47.2%，同比增长6.5个百分点[36] - 第二季度非GAAP销售、一般及管理费用为10.15亿美元，占收入的29.4%[37] 营业利润和每股收益 - 营业利润为2.9亿美元,营业利润率为16.2%,同比增加160个基点[7] - 每股摊薄收益为1.74美元,同比增长11.5%[7] - 第二季度非GAAP营业利润为6.14亿美元，同比增长17.8%[38] - 第二季度非GAAP每股摊薄收益为3.78美元[42] 财务预测 - 2024财年预计全年收入下降4.0%至1.5%,但营业利润率预计将提高至17.4%至17.8%[12][13] - 2024财年预计利息收入约为4500万美元,有效税率约为25.5%[14] - 公司长期目标为中高单位数的年收入增长,营业利润率达到中高teens[16] 现金流和资产负债 - 截至2024年7月28日，公司现金及现金等价物余额为12.65亿美元[29] - 截至2024年7月28日，公司存货净额为12.47亿美元[29] - 截至2024年7月28日，公司总资产为52.12亿美元，总负债为29.61亿美元[29] - 第二季度经营活动产生的现金流入为4.73亿美元[32] 其他 - 第一季度公司发生8.3百万美元的裁员成本[41] - 第一季度公司发生17.9百万美元的退出成本[43] - 公司使用非GAAP财务指标以更好地分析业务变化[44] - 每股摊薄收益可能由于四舍五入导致不一致[41] - 截至2024年7月28日，公司共有521家零售门店，较上一季度增加6家[31]

Williams-Sonoma, Inc. (WSM) is scheduled to release second-quarter fiscal 2024 results on Aug 22, before market open. In the first quarter of fiscal 2024, Williams-Sonoma delivered strong financial results, with earnings per share (EPS) of $2.04, surpassing expectations by 65 cents, despite a 5.4% year-over-year revenue decline to $1.66 billion. The company achieved a 19.5% operating margin, boosted by a $49 million reversal of freight-related accruals. Without this adjustment, the margin was 16.6%. WSM's s ...

Williams-Sonoma (WSM) closed the latest trading day at $141.03, indicating a +1.74% change from the previous session's end. The stock exceeded the S&P 500, which registered a gain of 1.61% for the day. On the other hand, the Dow registered a gain of 1.39%, and the technology-centric Nasdaq increased by 2.34%. The seller of cookware and home furnishings's stock has dropped by 7.64% in the past month, falling short of the Retail-Wholesale sector's loss of 4.92% and the S&P 500's loss of 2.88%. The investment ...