WSM - Why Home Furnishing Retailer Williams-Sonoma Is Surging Today | Benzinga
Williams-Sonoma, Inc (NYSE:WSM) shares are shooting higher after the company reported a fourth-quarter FY23 sales decline of 7.1% year-on-year to $2.28 billion, beating the analyst consensus estimate of $2.23 billion.
Comparable brand revenue for the quarter declined 6.8%. Adjusted EPS of $5.44 beat the analyst consensus estimate of $5.12.
Gross margin expanded 480 basis points to 46%, and the gross profit rose 3.8% to $1.04 billion.
Operating income declined 2.5% to $458.1 million, with ...