Williams-Sonoma, Inc. announces first quarter 2024 results [Yahoo! Finance]
Williams-Sonoma, Inc. (DE) (WSM)
Last williams-sonoma, inc. (de) earnings: 3/18 04:15 pm
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Source: Yahoo! Finance
SAN FRANCISCO, May 22, 2024 BUSINESS WIRE )--Williams-Sonoma, Inc. (NYSE: WSM) today announced operating results for the first quarter ended April 28, 2024 versus the first quarter ended April 30, 2023. "We are pleased to deliver strong results in the first quarter of 2024, driven by an improving top-line trend and continued strength in our profitability. We remain committed to executing on our three key priorities in 2024 – returning to growth, elevating our world-class customer service, and driving margin," said Laura Alber, President and Chief Executive Officer. FIRST QUARTER 2024 HIGHLIGHTS Comparable brand revenue -4.9% with a 2-year comp -10.9% and a 3-year comp -1.4%. Gross margin of 48.3%, including a benefit of +290bps from an out-of-period adjustment. Without this adjustment, gross margin of 45.4%, which increased +690bps compared to LY GAAP basis, driven by (i) higher merchandise margins of +480bps, (ii) supply chain efficiencies of +240bps, partially offset by (ii
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WSM
Earnings
- 5/22/24 - Beat
WSM
Sec Filings
- 6/13/24 - Form 8-K
- 6/12/24 - Form 144
- 6/7/24 - Form 4
- WSM's page on the SEC website