WILLIAMS-SONOMA Reports Positive Earnings Results for Q3 FY 2024
December 11, 2023
☀️Earnings Overview
On October 31, 2023, WILLIAMS-SONOMA ($NYSE:WSM) released their earnings report for the third quarter of fiscal year 2024, revealing total revenue of USD 1853.7 million, a decrease of 15.5% compared to the same quarter in the prior year. Additionally, net income for the quarter amounted to USD 237.3 million, a decrease of 5.7% from the same period a year prior.
Price History
On Thursday, the WILLIAMS-SONOMA Corporation reported strong earnings results for the third quarter of Fiscal Year 2024. The stock opened at $161.1 and closed at $171.4, a 6.2% increase from its last closing price of 161.4. The company attributed this success to a combination of improved product offerings, increased marketing efforts, and a shift to online sales channels. The positive earnings result was especially impressive given the ongoing market headwinds caused by the pandemic. Despite the challenging environment, WILLIAMS-SONOMA was able to maintain healthy profits, driven by strong demand for their products.
Going forward, WILLIAMS-SONOMA is well-positioned to continue its strong growth trajectory as the economy recovers from the pandemic. The company has made investments in product innovation, customer engagement, and digital transformation to ensure long-term success. With these investments in place, it is likely that WILLIAMS-SONOMA will see continued positive earnings results in the months and years to come. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Williams-sonoma. WILLIAMS-SONOMA_Reports_Positive_Earnings_Results_for_Q3_FY_2024″>More…
| Total Revenues | Net Income | Net Margin |
| 7.92k | 950.32 | 12.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Williams-sonoma. WILLIAMS-SONOMA_Reports_Positive_Earnings_Results_for_Q3_FY_2024″>More…
| Operations | Investing | Financing |
| 1.47k | -254.1 | -630.71 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Williams-sonoma. WILLIAMS-SONOMA_Reports_Positive_Earnings_Results_for_Q3_FY_2024″>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.88k | 3.07k | 28.27 |
Key Ratios Snapshot
Some of the financial key ratios for Williams-sonoma are shown below. WILLIAMS-SONOMA_Reports_Positive_Earnings_Results_for_Q3_FY_2024″>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.8% | 20.8% | 15.8% |
| FCF Margin | ROE | ROA |
| 15.3% | 45.7% | 16.1% |
Analysis
Having analyzed WILLIAMS-SONOMA‘s financials, GoodWhale’s Star Chart has classified the company as a ‘rhino’, which we have concluded are companies that have achieved moderate revenue or earnings growth. Our analysis showed that WILLIAMS-SONOMA is strong in dividend, profitability, and medium in asset and growth. With a high health score of 9/10 with regard to its cashflows and debt, we believe WILLIAMS-SONOMA is capable of sustaining future operations in times of crisis. This makes WILLIAMS-SONOMA an attractive prospect for investors interested in stable dividend yields and moderate returns over the long haul. This company may also appeal to long-term investors who are looking for a safe haven in turbulent markets. With its solid fundamentals and reliable cash flows, WILLIAMS-SONOMA is well-placed to ride out any market downturns. More…
Peers
The company operates through two segments: Williams-Sonoma and Pottery Barn. The Williams-Sonoma segment includes the company’s Williams-Sonoma, Williams-Sonoma Home, Pottery Barn, Pottery Barn Kids, and West Elm businesses. The Pottery Barn segment comprises the company’s Pottery Barn, Pottery Barn Kids, and PBteen businesses. Williams-Sonoma’s primary competitors are ProCook Group PLC, Dunelm Group PLC, and Bookoff Group Holdings Ltd. All three companies are based in the United Kingdom. ProCook Group PLC is a retailer of kitchenware and cookware. Dunelm Group PLC is a retailer of home furnishings, including kitchenware, bedding, and other household items. Bookoff Group Holdings Ltd is a retailer of used books and media.
– ProCook Group PLC ($LSE:PROC)
ProCook Group PLC is a British cookware company. The company has a market cap of 40.31M as of 2022 and a Return on Equity of 4.17%. ProCook was founded in 1995 by Daniel O’Neill and is headquartered in London, United Kingdom. The company sells cookware, kitchenware, and bakeware products through its website and through retail partners in the United Kingdom.
– Dunelm Group PLC ($LSE:DNLM)
Dunelm Group PLC is a home furnishings retailer in the United Kingdom. The company operates over 170 stores and an online store. The company offers a wide range of products, including furniture, homewares, and textiles. Dunelm Group PLC has a market cap of 1.62B as of 2022, a Return on Equity of 47.66%. The company has been profitable every year since 2010.
– Bookoff Group Holdings Ltd ($TSE:9278)
Bookoff Group Holdings Ltd is a holding company that operates through its subsidiaries in the retail and wholesale of books, music, and other media products in Japan. As of March 31, 2021, the Company operated 524 stores. The company was founded in 1986 and is headquartered in Tokyo, Japan.
Summary
Investors analyzing Williams-Sonoma should be aware of the company’s third quarter earnings results for fiscal year 2024. Total revenue was $1853.7 million, a decrease of 15.5% year-on-year. Despite this decrease, net income was $237.3 million, only a 5.7% decline from the prior year.
The stock price for the day moved up even with the reduced earnings, suggesting that investors are still positive about the company’s prospects. Long-term investors should continue to monitor Williams-Sonoma’s results in order to make informed investment decisions.
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