Williams-Sonoma Q1 Adj $4.07 Beats $2.70 Estimate, Sales $1.66B Inline
Portfolio Pulse from Benzinga Newsdesk
Williams-Sonoma (NYSE:WSM) reported Q1 earnings of $4.07 per share, significantly beating the analyst estimate of $2.70. However, sales of $1.66 billion were in line with expectations but down 6.48% from the previous year.
May 22, 2024 | 12:04 pm
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Williams-Sonoma reported strong Q1 earnings of $4.07 per share, beating estimates by 50.74%. However, sales of $1.66 billion were in line with expectations but down 6.48% year-over-year.
The significant earnings beat is likely to have a positive short-term impact on WSM's stock price. However, the decline in sales year-over-year may temper some of the enthusiasm.
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