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Williams-Sonoma Reports Q4 Beat, Provides Guidance
Mar 17, 2023 11:41 PM - Davit Kirakosyan
Image credit: FMP
Williams-Sonoma (NYSE:WSM) reported its Q4 results on Thursday, with EPS of $5.50 coming in better than the Street estimate of $5.46. Revenue was $2.45 billion, beating the Street estimate of $2.6 billion.
The company hiked its dividend by 15% to $0.90 per share and expanded its stock repurchase capacity to $1 billion. The company expects full 2023-year revenue growth to be in the range of -3%-3%. In the long term, the company sees mid-to-high single-digit annual revenue growth.
According to the analysts at RBC Capital, guidance reflects an uncertain environment. Given the uncertain macro, the analysts think some amount of skepticism is warranted - especially since management expects H1 to be materially tougher than H2 (due to easier H2 comparisons and easing gross margin pressures).
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