Bank of America upgrades William-Sonoma (WSM) on better-than-expected 2Q
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Williams-Sonoma, Inc. announces second quarter 2023 results
August 23, 2023 9:00 AM EDT
Q2 comparable brand revenue -11.9%
Operating margin of 14.6%; diluted EPS of $3.12
Revises 2023 outlook with lower revenues offset by higher operating margin
SAN FRANCISCO--(BUSINESS WIRE)-- Williams-Sonoma, Inc. (NYSE: WSM) today announced operating results for the second quarter ended July 30, 2023 versus the second quarter ended July 31, 2022.
We are pleased to deliver another quarter of strong earnings. We significantly exceeded profitability estimates with an operating margin of 14.6% with earnings per share of $3.12, well-above our pre-pandemic results. Our sales ran -11.9% in Q2, but our... More
