Williams-Sonoma Shares Surge 18% Following Q4 Beat

Williams-Sonoma Shares Surge 18% Following Q4 Beat March 13, 2024, 12:58 p.m., readers: 2

Williams-Sonoma (NYSE:WSM) shares climbed 18% intra-day today following the company's announcement of Q4 results that exceeded expectations. The retailer reported an EPS of $5.44, surpassing analysts' projections of $5.14, with revenue reaching $2.28 billion, higher than the anticipated $2.22 billion. The quarter saw an adjusted operating margin of 20.1%, a slight increase from the previous year's 19.9% and aligned with forecasts. For the full 2024 year, Williams-Sonoma expects net revenue growth to range between a 3% decline and a 3% increase, with comparable sales predicted to vary from a 4.5% decrease to a 1.5% rise. The company projects an operating margin between 16.5% and 16.8%. Additionally, the company announced a 26% increase in its quarterly cash dividend to $1.13 per share. Furthermore, Williams-Sonoma's Board has authorized a new $1 billion stock repurchase program, superseding the previous plan.


W illiams-Sonoma, Inc. operates as an omni-channel specialty retailer of various products for home. It offers cooking, dining, and entertaining products, such as cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma Home brand, as well as home furnishings and decorative accessories under the Williams Sonoma lifestyle brand; and furniture, bedding, lighting, rugs, table essentials, and decorative accessories under the Pottery Barn brand.

Price: 282.55
Market cap: 18.1 billion USD
Eps: 14.54
P/e ratio: 19.43
Focus Analysis On: WSM