Williams-Sonoma (WSM) Misses Q3 EPS by 1c

Williams-Sonoma (NYSE: WSM) reported Q3 EPS of $3.72, $0.01 worse than the analyst estimate of $3.73. Revenue for the quarter came in at $2.19 billion versus the consensus estimate of $2.15 billion.

OUTLOOK:

• We are reiterating our fiscal year 2022 guidance of mid-to-high single digit annual net revenue growth and operating margins relatively in-line with our fiscal year 2021 operating margin.
• Given the macro uncertainty, we will not reiterate or update our guidance through fiscal year 2024.
• We will provide guidance for fiscal 2023 and beyond in our press release announcing our fourth quarter fiscal 2022 results.

For earnings history and earnings-related data on Williams-Sonoma (WSM) click here.

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