Williams-Sonoma (NYSE:WSM) reported Q1 EPS of $3.50, $0.62 better than the analyst estimate of $2.88. Revenue for the quarter came in at $1.89 billion versus the consensus estimate of $1.8 billion.
OUTLOOK:
Given the ongoing strength of our business as we enter fiscal year 2022, the continued success of our new initiatives, and our competitive advantages that are rooted in our key differentiators (our in-house design, our digital-first channel strategy, and our values), we are expecting our fiscal year 2022 financial performance to be in line with our long-term financial guidance of mid-to-high single digit annual net revenue growth, increasing revenues to $10 billion by fiscal year 2024, and operating margins relatively in-line with our fiscal year 2021 operating margin.