Williams-Sonoma Q2 EPS up 11.5% to $1.74; comp sales down 3.3%; revenue outlook cut
Williams-Sonoma reported second quarter 2024 results for the period ended July 28, 2024. Net revenues fell to $1.79 billion from $1.86 billion, while operating margin rose to 16.2% from 14.6% and diluted EPS rose 11.5% to $1.74. The company cut its full-year revenue growth outlook but raised its operating margin outlook, and it said earnings are expected to be materially in line with its prior implied EPS guidance.
Key points
- Q2 net revenues were $1,788.3 million, down from $1,862.6 million a year earlier; comparable brand revenue fell 3.3%.
- Q2 operating income was $289.9 million, with operating margin up 160 basis points to 16.2%; diluted EPS was $1.74 versus $1.56.
- Fiscal 2024 net revenue growth is now expected at -4.0% to -1.5%, down from the prior outlook.
- Fiscal 2024 operating margin is now expected at 18.0% to 18.4%, including a 60 basis point benefit from a $49 million freight expense out-of-period adjustment.
The filing
Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing 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 August 22, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.