Published on 22 May 2024 on Zacks via Yahoo Finance
Williams-Sonoma (WSM) Stock Up on Q1 Earnings & Revenue Beat
Williams-Sonoma Inc. WSM registered decent results in first-quarter fiscal 2024 (ended Apr 28, 2024). In the quarter, earnings and net revenues beat the Zacks Consensus Estimate. On a year-over-year basis, the top line declined, but the bottom line increased.Following the earnings release, shares of this multi-channel specialty retailer of premium quality home products moved up 8.2% in the pre-market trading session on May 22.
Earnings, Revenue & Comps Discussion
Non-GAAP earnings per share (EPS) of $4.07 surpassed the Zacks Consensus Estimate of $2.78 by 46.4%. Also, the metric increased 54.2% from $2.64 reported a year ago.Net revenues of $1.66 billion topped the consensus mark of $1.65 billion by 0.3% but declined 5.4% year over year.