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Williams-Sonoma Shares Up 6% on Q1 Beat, 2022 Outlook In Line With Long-Term Estimates

Published 25/05/2022, 23:34
Updated 25/05/2022, 23:34
© Reuters.

© Reuters.

Williams-Sonoma (NYSE:WSM) shares were trading around 6% higher after-hours following the company’s reported Q1 results, with EPS of $3.50 coming in better than the consensus estimate of $2.88.

Revenue was $1.89 billion, compared to the consensus estimate of $1.8 billion. Comparable brand revenue growth was 9.5% year-over-year, including Pottery Barn growth of 14.6% and West Elm growth of 12.8%.

The company provided its 2022 outlook, expecting the performance to be in line with its long-term mid-to-high single digit annual net revenue growth estimate, increasing revenues to $10 billion by 2024, and operating margins relatively in line with its 2021 operating margin.

Shares of Williams-Sonoma are down 32% year-to-date.

By Davit Kirakosyan

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