WSM - Williams-Sonoma GAAP EPS of $3.87 beats by $0.37 revenue of $2.14B beats by $110M
- Williams-Sonoma press release ( NYSE: WSM ): Q2 GAAP EPS of $3.87 beats by $0.37 .
- Revenue of $2.14B (+9.7% Y/Y) beats by $110M .
- Comparable brand revenue growth of 11.3%, including double-digit growth in both ecommerce and retail.
- Gross margin of 43.5%, 60bps below last year driven by higher shipping and freight costs, partially offset by merchandise margin expansion; occupancy rate was flat to last year
- Non-GAAP operating margin expansion of 40bps.
- Outlook: "We are reiterating our fiscal year 2022 and long-term financial outlook of mid-to-high single digit annual net revenue growth, increasing revenues to $10 billion by fiscal year 2024, and operating margins relatively in-line with our fiscal year 2021 operating margin," the company statement.
- Shares +1% .
For further details see:
Williams-Sonoma GAAP EPS of $3.87 beats by $0.37, revenue of $2.14B beats by $110M