Williams-Sonoma Q1 Adj EPS $2.64 Beats $2.37 Estimate, Sales $1.77B Miss $1.80B Estimate
Portfolio Pulse from Benzinga Newsdesk
Williams-Sonoma reported Q1 adjusted earnings of $2.64 per share, beating the $2.37 estimate, but sales of $1.77 billion missed the $1.80 billion estimate. This represents a 24.57% decrease in earnings and a 6.13% decrease in sales compared to the same period last year.
May 23, 2023 | 1:04 pm
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Williams-Sonoma's Q1 earnings beat estimates, but sales missed expectations, resulting in a mixed financial performance.
Williams-Sonoma's Q1 earnings exceeded analyst estimates, which is a positive sign for the company. However, the missed sales estimate and the YoY decreases in both earnings and sales may offset the positive impact of the earnings beat, resulting in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100