Williams-Sonoma Q2 Adjusted EPS $3.12 Beats $2.71 Estimate, Sales $1.86B Miss $1.96B Estimate
Portfolio Pulse from Benzinga Newsdesk
Williams-Sonoma reported Q2 earnings of $3.12 per share, beating the analyst consensus estimate of $2.71 by 15.13%. However, the company's quarterly sales of $1.86 billion missed the analyst consensus estimate of $1.96 billion by 4.97%. This represents a 19.38% decrease in earnings and a 12.88% decrease in sales compared to the same period last year.
August 23, 2023 | 1:01 pm
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Williams-Sonoma's Q2 earnings beat estimates but sales missed, indicating mixed performance.
Williams-Sonoma's earnings beat estimates, which is positive for the stock. However, the miss on sales could negatively impact the stock as it indicates weaker than expected demand. The net effect could be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100