Williams-Sonoma Reports Q2 Beat, Reiterates Guidance
2022.08.25 01:14
Williams-Sonoma Reports Q2 Beat, Reiterates Guidance
By Davit Kirakosyan
Williams-Sonoma (NYSE:WSM) reported its Q2 results, with EPS of $3.87 coming in better than the consensus estimate of $3.49.
Revenue came in at $2.14 billion, beating the consensus estimate of $2.03 billion. Comparable brand revenue grew 11.3% (up 41.1% on a 2-year basis).
“These impressive results reflect the strength of our multi-brand portfolio, the success of our growth initiatives, and the ongoing execution of the team. We continue to demonstrate our ability to perform by offering high-quality, differentiated, and sustainable products that our customers know and love,” said Laura Alber, President and CEO of Williams-Sonoma.
Given its strong performance in H1/22, the company reiterated its full 2022-year and long-term financial outlook of mid-to-high single-digit annual net revenue growth, expecting revenue to reach $10 billion by the fiscal year 2024.
