Williams-Sonoma Q4 comparable revenue down 6.8%; EPS up to $5.44; dividend up 26%
Williams-Sonoma reported fourth-quarter fiscal 2023 results with net revenues of $2.28 billion, down from $2.45 billion a year earlier, and comparable brand revenue down 6.8%. Diluted EPS rose to $5.44 from $5.28, while fiscal 2023 diluted EPS fell to $14.55 from $16.32. The board raised the quarterly dividend 26% to $1.13 per share and approved a new $1 billion stock repurchase authorization, which matters to shareholders as a larger direct return of capital.
- Q4 net revenues $2.28 billion vs. $2.45 billion; comparable brand revenue -6.8%
- Q4 operating margin 20.1% vs. 19.2%; Q4 diluted EPS $5.44 vs. $5.28
- Fiscal 2023 diluted EPS $14.55 vs. $16.32; net revenues $7.75 billion vs. $8.67 billion
- Quarterly dividend raised to $1.13 per share, payable May 24, 2024 to holders of record April 19, 2024; new $1 billion buyback effective March 14, 2024