Williams-Sonoma Sees FY24 Revenue Growth In The Range Of -3% To +3% With Comps In The Range Of -4.5% To +1.5%; And An Operating Margin Between 16.5% To 16.8%
Portfolio Pulse from Benzinga Newsdesk
Williams-Sonoma forecasts FY24 revenue growth between -3% to +3% and comparable sales ranging from -4.5% to +1.5%. The company anticipates an operating margin of 16.5% to 16.8%, factoring in the impact of a 53-week fiscal year. This additional week is expected to contribute 150bps to revenue growth and 10bps to operating margin. Long-term, Williams-Sonoma aims for mid-to-high single-digit annual net revenue growth with an operating margin in the mid-to-high teens.
March 13, 2024 | 1:03 pm
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Williams-Sonoma expects FY24 revenue growth between -3% to +3%, comps from -4.5% to +1.5%, and an operating margin of 16.5% to 16.8%, influenced by a 53-week fiscal year.
The forecasted revenue growth and operating margin for FY24 indicate a stable outlook for Williams-Sonoma, with the additional week expected to have a positive but modest impact on financials. The wide range of projected revenue growth and comps suggests uncertainty in consumer demand, which could lead to neutral market reactions in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100