WILLIAMS-SONOMA Reports Q2 Fiscal Year 2024 Earnings Results on July 31, 2023
August 29, 2023
🌥️Earnings Overview
On July 31, 2023, WILLIAMS-SONOMA ($NYSE:WSM) reported its Q2 earnings results for fiscal year 2024. Total revenue for the quarter totaled USD 1862.6 million, a decrease of 12.9% compared to the same period in the prior year. Net income for the quarter was USD 201.5 million, a decrease of 24.6% from the same quarter in the year before.
Market Price
The stock opened at $131.5 and closed at $142.0, a 13.5% increase from the last closing price of $125.2. This marks a significant increase of the company’s stock and demonstrates their success in the second fiscal quarter. This is a strong indication of the company’s growing success in the current retail market landscape.
These impressive results indicate that WILLIAMS-SONOMA is continuing to have success in the retail market, even with the current economic climate. The company will be releasing their full earnings report soon for further insight into their second quarter performance. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Williams-sonoma. WILLIAMS-SONOMA_Reports_Q2_Fiscal_Year_2024_Earnings_Results_on_July_31_2023″>More…
| Total Revenues | Net Income | Net Margin |
| 8.26k | 964.75 | 11.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Williams-sonoma. WILLIAMS-SONOMA_Reports_Q2_Fiscal_Year_2024_Earnings_Results_on_July_31_2023″>More…
| Operations | Investing | Financing |
| 1.38k | -298.16 | -696.89 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Williams-sonoma. WILLIAMS-SONOMA_Reports_Q2_Fiscal_Year_2024_Earnings_Results_on_July_31_2023″>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.57k | 2.95k | 25.27 |
Key Ratios Snapshot
Some of the financial key ratios for Williams-sonoma are shown below. WILLIAMS-SONOMA_Reports_Q2_Fiscal_Year_2024_Earnings_Results_on_July_31_2023″>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 11.2% | 33.4% | 15.5% |
| FCF Margin | ROE | ROA |
| 13.1% | 51.8% | 17.5% |
Analysis
At GoodWhale, we have conducted an analysis of WILLIAMS-SONOMA‘s fundamentals. According to our Star Chart, WILLIAMS-SONOMA is strong in dividend, growth, profitability, and medium in asset. We classify WILLIAMS-SONOMA as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. This type of company may be of interest to value investors or long-term investors who are looking for stability and dividend income. Furthermore, our health score for WILLIAMS-SONOMA is 8/10, indicating that the company is capable of paying off its debt and funding future operations. 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 reacted positively to WILLIAMS-SONOMA‘s financial results for Q2 of fiscal year 2024, despite the company’s overall revenue dropping 12.9% year-on-year and net income decreasing 24.6%. The stock price moved up the same day, indicating that investors are confident in the company’s performance and potential for future growth. Investors should consider analyzing WILLIAMS-SONOMA’s financials in greater detail, including their return on equity, market share, and other metrics, to get a better understanding of how the company is moving forward and if it could be a good long-term investment.
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