Williams-Sonoma Q3 comparable brand revenue falls 14.6%; record 17.0% operating margin
Williams-Sonoma reported third quarter 2023 results for the period ended October 29, 2023, with net revenues of $1.85 billion, down from $2.19 billion a year earlier, and diluted EPS of $3.66 versus $3.72. The company updated its fiscal 2023 guidance to net revenue growth of -10% to -12% and an operating margin of 16% to 16.5%, which it says implies higher EPS guidance despite the lower sales outlook.
Key points
- Q3 comparable brand revenue declined 14.6%; net revenues were $1.85 billion versus $2.19 billion a year earlier
- Operating margin was a record 17.0% versus 15.5%; operating income was $315 million
- Diluted EPS was $3.66 versus $3.72; net earnings were $237 million versus $252 million
- Fiscal 2023 outlook: net revenue growth of -10% to -12% and operating margin of 16% to 16.5%; the filing says this implies higher EPS guidance
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:10 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 16, 2023.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.