Williams-Sonoma Revises FY23 Guidance Reflecting Lower Revenue Trends, It Expects Revenue Decline Of 5%-10% Versus Prior Guidance Of -3% to +3%, With An Operating Margin Of 15%-16%
Portfolio Pulse from Benzinga Newsdesk
Williams-Sonoma has revised its FY23 guidance, expecting a revenue decline of 5%-10% versus its prior guidance of -3% to +3%. The company also anticipates an operating margin of 15%-16%. Despite this, it still expects mid-to-high single-digit annual net revenue growth with an operating margin above 15% in the long term.
August 23, 2023 | 1:07 pm
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Williams-Sonoma's revised FY23 guidance indicates a larger than expected revenue decline. However, the company's long-term outlook remains positive.
The revised FY23 guidance shows a larger than previously expected revenue decline, which could negatively impact the company's stock price in the short term. However, the company's positive long-term outlook could mitigate some of this impact.
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