Williams-Sonoma Sees FY23 Revenue Down 10-12%, Sees Operating margin 16-16.5%
Portfolio Pulse from Benzinga Newsdesk
Williams-Sonoma forecasts a 10-12% decline in revenue for FY23 and anticipates an operating margin between 16-16.5%.
November 16, 2023 | 2:03 pm
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Williams-Sonoma expects a significant decrease in revenue for the fiscal year 2023, with a 10-12% drop, but maintains a relatively strong operating margin forecast of 16-16.5%.
The projected decline in revenue is a negative indicator for Williams-Sonoma's financial performance and is likely to be viewed unfavorably by investors, potentially leading to a short-term decrease in stock price. However, the operating margin remains robust, which may mitigate some negative sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100