Williams-Sonoma Q1 comparable brand revenue falls 4.9%; EPS $4.07 includes $49 million adjustment
Williams-Sonoma reported first-quarter 2024 net revenues of $1.66 billion, down from $1.76 billion a year earlier, with comparable brand revenue down 4.9%. Reported diluted EPS of $4.07 includes a $0.59 per share benefit from a $49 million out-of-period freight expense adjustment; without it, diluted EPS was $3.48, compared with $2.35 a year earlier. The company raised its fiscal 2024 operating margin outlook to 17.6% to 18.0% while reiterating its net revenue growth outlook of -3% to +3%.
Key points
- Net revenues of $1.66 billion, down from $1.76 billion; comparable brand revenue -4.9%
- Operating margin of 19.5% reported, or 16.6% without the out-of-period adjustment
- Fiscal 2024 operating margin outlook raised to 17.6% to 18.0%; 17.0% to 17.4% without the adjustment
- Returned $107 million to stockholders in the quarter, including $63 million in dividends
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 May 22, 2024.
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