WSM - Williams-Sonoma Inc. (WSM) Q1 2024 Earnings Call Transcript
2024-05-22 12:52:06 ET
Williams-Sonoma, Inc. (WSM)
Q1 2024 Earnings Conference Call
May 22, 2024 10:00 AM ET
Company Participants
Jeremy Brooks - Chief Accounting Officer and Head of IR
Laura Alber - President and CEO
Jeff Howie - EVP and CFO
Conference Call Participants
Kate McShane - Goldman Sachs
Christopher Horvers - JPMorgan
Cristina Fernandez - Telsey Advisory Group
Michael Lasser - UBS
Steven Zaccone - Citi
Seth Basham - Wedbush
Max Rakhlenko - TD Cowen
Brian Nagel - Oppenheimer
Oliver Wintermantel - Evercore ISI
Simeon Gutman - Morgan Stanley
Presentation
Operator
Welcome to the Williams-Sonoma, Inc. First Quarter Fiscal 2024 Earnings Conference Call. At this time, all participants are in listen-only mode. A question-and-answer session will follow the conclusion of the prepared remarks.
I would now like to turn the call over to Jeremy Brooks, Chief Accounting Officer and Head of Investor Relations. Please go ahead.
Jeremy Brooks
Good morning and thank you for joining our first quarter earnings call. Before we get started, I'd like to remind you that during this call, we will make forward-looking statements with respect to future events and financial performance, including our updated guidance for fiscal '24 and our long-term outlook.
We believe these statements reflect our best estimates. However, we cannot make any assurances that these statements will materialize and actual results may differ significantly from our expectations. The company undertakes no obligation to publicly update or revise any of these statements to reflect events or circumstances that may arise after today's call.
Additionally, for the first quarter of last year we will refer to certain non-GAAP financial measures. These measures should not be considered replacements for and should be read together with our GAAP results. A detailed reconciliation of non-GAAP measures to the most directly comparable GAAP measure appears in Exhibit 1 to the press release we issued earlier this morning. Also for the first quarter of this year, we will refer to our GAAP results both with and without the benefit of an out of period adjustment that we recorded during the first quarter. We believe providing in these disclosures is useful to understanding our quarterly financial results. Jeff will share the details of this adjustment later in his prepared remarks.
This call should also be considered in conjunction with our filings with the SEC. And finally, a replay of this call will be available on our investor relations website....
Williams-Sonoma, Inc. (WSM) Q1 2024 Earnings Call Transcript