Williams-Sonoma, Inc. (NYSE:WSM) reported a Q2 FY23 revenue decline of 12.9% YoY to $1.86 billion, missing the consensus of $1.96 billion. However, the company managed to keep its costs low, leading to an EPS of $3.12, above the consensus of $2.71. The company has lowered its 2023 sales guidance to down 5%-10%. Despite the lower sales, the company's ability to manage costs and the EPS beat should support the stock, according to Telsey Advisory Group analyst Cristina Fernandez.