Williams-Sonoma Expects Fiscal 2024 Annual Net Revenue Growth Of -4.0% To -1.5% With Comps In The Range Of -5.5% To -3.0% Compared To Prior Guidance Of -3% To +3% With Comps In The Range Of -4.5% To +1.5%
Portfolio Pulse from Benzinga Newsdesk
Williams-Sonoma has revised its fiscal 2024 annual net revenue growth expectations to a range of -4.0% to -1.5%, with comparable sales expected to decline between -5.5% and -3.0%. This is a downgrade from previous guidance.
August 22, 2024 | 12:05 pm
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Williams-Sonoma has downgraded its fiscal 2024 revenue growth forecast to a range of -4.0% to -1.5%, with comparable sales expected to decline between -5.5% and -3.0%. This is a significant reduction from the previous guidance of -3% to +3%.
The revised guidance indicates a more negative outlook for Williams-Sonoma's fiscal 2024 performance compared to previous expectations. This suggests potential challenges in sales and revenue generation, likely leading to a negative short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100