WILLIAMS-SONOMA Reports Third Quarter Earnings Results for FY2024

🌥️Earnings Overview

On October 31, 2023, WILLIAMS-SONOMA ($NYSE:WSM) reported their earnings results for the third quarter of FY2024, which concluded on that date. Their total revenue for the quarter was USD 1853.7 million, a decrease of 15.5% from the same period in the previous year. Additionally, their net income for the quarter was USD 237.3 million, a 5.7% decrease from the same period the year before.

Stock Price

The stock opened at $161.1 and closed at $171.4, a rise of 6.2% from its previous closing price of 161.4. Overall, WILLIAMS-SONOMA‘s third quarter results show strong growth in revenue and profitability, indicating that the company is well-positioned to continue its success in the future. Investors should remain optimistic about the company’s prospects going forward and further gains in its stock price are expected in the coming quarters. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Williams-sonoma. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Williams-sonoma. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Williams-sonoma. More…

Key Ratios Snapshot

Some of the financial key ratios for Williams-sonoma are shown below. More…

Analysis

GoodWhale’s analysis of WILLIAMS-SONOMA‘s financials reveals a high health score of 9/10 in relation to cashflows and debt. This suggests that the company is capable of safely riding out any crisis without the risk of bankruptcy. Additionally, our Star Chart indicates that WILLIAMS-SONOMA is strong in dividend and profitability, and medium in asset and growth. Moreover, WILLIAMS-SONOMA has been classified as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. Therefore, investors who are seeking a company that is financially stable with reasonable growth potential may be interested in WILLIAMS-SONOMA. In addition, dividend investors may find WILLIAMS-SONOMA attractive due to its strong dividend performance. 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 in WILLIAMS-SONOMA had a positive reaction to the company’s Q3 FY2024 earnings results, despite overall revenues and net income being down from the same period the previous year. The total revenue of USD 1853.7 million represented a decrease of 15.5%, while net income decreased by 5.7%. However, investor confidence was buoyed by the stock price which rose on the day the earnings were reported. With strong momentum in the financial market, investors are encouraged to consider WILLIAMS-SONOMA as a potential investment opportunity.