Williams-Sonoma had much higher profits than expected, although it's not as exciting as it first seems. The company expects stability and profitability this year, which is a good thing for investors.
Although the revenue and EPS for Williams-Sonoma (WSM) give a sense of how its business performed in the quarter ended April 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Shares of home retailer Williams-Sonoma (WSM) surged to a new record high Wednesday after it reported first-quarter earnings that handily beat analyst expectations.
Williams-Sonoma (WSM) came out with quarterly earnings of $4.07 per share, beating the Zacks Consensus Estimate of $2.78 per share. This compares to earnings of $2.64 per share a year ago.
Williams-Sonoma Inc.'s stock WSM, -0.69% rose 6.8% early Wednesday, after the upscale home goods retailer crushed profit estimates for the first quarter while revenue also beat. The San Francisco-based company had net income of $265.7 million, or $4.07 a share, for the quarter, up from $156.5 million, or $2.35 a share, in the year-earlier period.
Get a deeper insight into the potential performance of Williams-Sonoma (WSM) for the quarter ended April 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Williams-Sonoma's (WSM) fiscal Q1 performance is likely to have witnessed rising e-commerce growth, higher merchandise margins and lower costs from supply-chain efficiencies. Yet, weak demand is a risk.