Williams-Sonoma Shares Gain After Q1 Results, Reiterates FY23 Outlook
Portfolio Pulse from Akanksha Bakshi
Williams-Sonoma reported a Q1 FY23 revenue decline of 7.2% YoY to $1.76 billion, missing the consensus of $1.80 billion. Adjusted EPS was $2.64, above the consensus of $2.37. The company reiterated its FY23 outlook, expecting annual net revenue growth of -3% to +3% with an operating margin of 14% - 15%. WSM shares gained 3.79% to $116.42.
May 23, 2023 | 2:32 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Williams-Sonoma's Q1 FY23 revenue declined 7.2% YoY, missing consensus, but adjusted EPS beat expectations. The company reiterated its FY23 outlook, and shares gained 3.79%.
Williams-Sonoma's Q1 FY23 revenue decline and missed consensus may have a negative impact on the stock price. However, the adjusted EPS beat expectations, and the company reiterated its FY23 outlook, which could boost investor confidence and lead to a short-term increase in the stock price. The 3.79% gain in shares indicates a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100