Every material Form 8-K Williams-Sonoma filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Williams-Sonoma reported third-quarter 2024 results for the quarter ended October 27, 2024. Net revenues fell to $1.80 billion from $1.85 billion and comparable brand revenue declined 2.9%, but diluted EPS rose 7.1% to $1.96 on an operating margin of 17.8%, and the company raised its full-year 2024 outlook. The board also approved a new $1 billion stock repurchase authorization, and the raised margin guidance includes a $49 million out-of-period freight expense adjustment.
Net revenues were $1.80 billion versus $1.85 billion a year earlier; comparable brand revenue fell 2.9%.
Diluted EPS was $1.96 versus $1.83; operating margin was 17.8% versus 17.0%.
Full-year 2024 net revenue decline is now expected at -3.0% to -1.5%, and operating margin at 18.4% to 18.8%, including a $49 million out-of-period adjustment.
A new $1 billion stock repurchase authorization was approved in September 2024; total authorization is $1.3 billion, including $293 million remaining under the March 2024 program.
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.
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.
Williams-Sonoma appointed Arianna Huffington, founder and CEO of Thrive Global, as a director effective August 1, 2024. The filing describes a routine board addition with standard director compensation, pro-rated for the first year, and a standard indemnification agreement.
Arianna Huffington appointed to the Board of Directors effective August 1, 2024
She will receive standard non-employee director compensation, pro-rated for the initial year
Company will enter its standard form of indemnification agreement with her
Press release quotes CEO Laura Alber and Board Chair Scott Dahnke welcoming the appointment
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%.
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
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
Williams-Sonoma announced that Marta Benson, Chief Executive Officer of Pottery Barn Brands, will retire effective April 26, 2024. Her responsibilities will move to the two existing Pottery Barn Presidents, Monica Bhargava and Jennifer Kellor. The filing does not report any financial results or changes to guidance.
Marta Benson, CEO of Pottery Barn Brands, is retiring effective April 26, 2024.
Monica Bhargava, President of Pottery Barn, and Jennifer Kellor, President of Pottery Barn Kids and Pottery Barn Teen, will take over her responsibilities.
The announcement was made in a press release issued January 12, 2024.
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Williams-Sonoma filing is on SEC EDGAR ↗. 8-K briefs of other companies →