Williams-Sonoma Stock Sinks as Retailer Cuts Full-Year Revenue Outlook
WSMWilliams-Sonoma(WSM) Investopedia·2024-08-23 02:46

Key TakeawaysWilliams-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 a ...