Kitchenware and home goods retailer Williams-Sonoma (NYSE:WSM) missed analysts’ expectations in Q2 CY2024, with revenue down 4% year on year to $1.79 billion. It made a non-GAAP profit of $1.74 per share, improving from its profit of $1.56 per share in the same quarter last year.
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Williams-Sonoma (WSM) Q2 CY2024 Highlights:
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Revenue: $1.79 billion vs analyst estimates of $1.81 billion (1.2% miss)
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EPS (non-GAAP): $1.74 vs analyst estimates of $1.61 (8% beat)
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Lowered full year revenue guidance: now expects full year revenue down 3% year on year vs. previous expectation of flat year on year revenue (miss)
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Gross Margin (GAAP): 46.2%, up from 40.7% in the same quarter last year
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Free Cash Flow Margin: 12%, down from 17.7% in the same quarter last year
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Locations: 521 at…
