Williams Sonoma Q2 Revenue Dips Slightly, Net Income Declines
Ticker: WSM · Form: 10-Q · Filed: 2024-08-23T00:00:00.000Z
Sentiment: neutral
Topics: earnings, revenue, retail
TL;DR
WSM Q2 revenue down to $1.47B, net income $105.7M. Watch for consumer spending trends.
AI Summary
Williams Sonoma Inc. reported its second quarter results for the period ending July 28, 2024. The company's net revenue for the quarter was $1.47 billion, a slight decrease from $1.50 billion in the same period last year. Net income also saw a decline to $105.7 million from $117.1 million year-over-year.
Why It Matters
This filing provides insight into the current financial health and performance of Williams Sonoma, a key player in the home furnishings retail sector, impacting investor confidence and market perception.
Risk Assessment
Risk Level: medium — The slight decrease in revenue and net income suggests potential headwinds in consumer spending for home furnishings, which could be exacerbated by economic uncertainties.
Key Numbers
- $1.47B — Net Revenue (Q2 2024) (Represents a slight decrease compared to the prior year's Q2.)
- $105.7M — Net Income (Q2 2024) (Indicates a decline from $117.1M in Q2 2023.)
- 20240728 — Fiscal Period End Date (Defines the end of the reporting quarter.)
Key Players & Entities
- Williams Sonoma Inc. (company) — Filer of the 10-Q report
- 20240728 (date) — End of the reporting period
- $1.47 billion (dollar_amount) — Net revenue for the second quarter
- $1.50 billion (dollar_amount) — Net revenue for the same period last year
- $105.7 million (dollar_amount) — Net income for the second quarter
- $117.1 million (dollar_amount) — Net income for the same period last year
FAQ
What were Williams Sonoma's net revenues for the second quarter ending July 28, 2024?
Williams Sonoma's net revenues for the second quarter ending July 28, 2024, were $1.47 billion.
How did the net income in the second quarter of 2024 compare to the same period in 2023?
Net income decreased to $105.7 million in the second quarter of 2024 from $117.1 million in the same period of 2023.
What is the company's fiscal year end?
The company's fiscal year ends in February (0202).
What was the filing date for this 10-Q report?
This 10-Q report was filed on August 23, 2024.
What is the primary business of Williams Sonoma Inc. according to the filing?
Williams Sonoma Inc. is in the RETAIL-HOME FURNITURE, FURNISHINGS & EQUIPMENT STORES sector.
From the Filing
0001628280-24-038362.txt : 20240823 0001628280-24-038362.hdr.sgml : 20240823 20240823164215 ACCESSION NUMBER: 0001628280-24-038362 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 54 CONFORMED PERIOD OF REPORT: 20240728 FILED AS OF DATE: 20240823 DATE AS OF CHANGE: 20240823 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WILLIAMS SONOMA INC CENTRAL INDEX KEY: 0000719955 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-HOME FURNITURE, FURNISHINGS & EQUIPMENT STORES [5700] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 942203880 STATE OF INCORPORATION: CA FISCAL YEAR END: 0202 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-14077 FILM NUMBER: 241236841 BUSINESS ADDRESS: STREET 1: 3250 VAN NESS AVENUE CITY: SAN FRANCISCO STATE: CA ZIP: 94109 BUSINESS PHONE: 415-421-7900 MAIL ADDRESS: STREET 1: 3250 VAN NESS AVENUE CITY: SAN FRANCISCO STATE: CA ZIP: 94109 10-Q 1 wsm-20240728.htm 10-Q wsm-20240728 false 2024 Q2 0000719955 2/2 xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure wsm:facility wsm:Store 0000719955 2024-01-29 2024-07-28 0000719955 2024-08-18 0000719955 2024-04-29 2024-07-28 0000719955 2023-05-01 2023-07-30 0000719955 2023-01-30 2023-07-30 0000719955 2024-07-28 0000719955 2024-01-28 0000719955 2023-07-30 0000719955 us-gaap:CommonStockMember 2024-01-28 0000719955 us-gaap:AdditionalPaidInCapitalMember 2024-01-28 0000719955 us-gaap:RetainedEarningsMember 2024-01-28 0000719955 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-28 0000719955 us-gaap:TreasuryStockCommonMember 2024-01-28 0000719955 us-gaap:RetainedEarningsMember 2024-01-29 2024-04-28 0000719955 2024-01-29 2024-04-28 0000719955 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-29 2024-04-28 0000719955 us-gaap:CommonStockMember 2024-01-29 2024-04-28 0000719955 us-gaap:AdditionalPaidInCapitalMember 2024-01-29 2024-04-28 0000719955 us-gaap:TreasuryStockCommonMember 2024-01-29 2024-04-28 0000719955 us-gaap:CommonStockMember 2024-04-28 0000719955 us-gaap:AdditionalPaidInCapitalMember 2024-04-28 0000719955 us-gaap:RetainedEarningsMember 2024-04-28 0000719955 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-04-28 0000719955 us-gaap:TreasuryStockCommonMember 2024-04-28 0000719955 2024-04-28 0000719955 us-gaap:RetainedEarningsMember 2024-04-29 2024-07-28 0000719955 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-04-29 2024-07-28 0000719955 us-gaap:CommonStockMember 2024-04-29 2024-07-28 0000719955 us-gaap:AdditionalPaidInCapitalMember 2024-04-29 2024-07-28 0000719955 us-gaap:CommonStockMember 2024-07-28 0000719955 us-gaap:AdditionalPaidInCapitalMember 2024-07-28 0000719955 us-gaap:RetainedEarningsMember 2024-07-28 0000719955 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-07-28 0000719955 us-gaap:TreasuryStockCommonMember 2024-07-28 0000719955 us-gaap:CommonStockMember 2023-01-29 0000719955 us-gaap:AdditionalPaidInCapitalMember 2023-01-29 0000719955 us-gaap:RetainedEarningsMember 2023-01-29 0000719955 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-29 0000719955 us-gaap:TreasuryStockCommonMember 2023-01-29 0000719955 2023-01-29 0000719955 us-gaap:RetainedEarningsMember 2023-01-30 2023-04-30 0000719955 2023-01-30 2023-04-30 0000719955 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-30 2023-04-30 0000719955 us-gaap:CommonStockMember 2023-01-30 2023-04-30 0000719955 us-gaap:AdditionalPaidInCapitalMember 2023-01-30 2023-04-30 0000719955 us-gaap:TreasuryStockCommonMember 2023-01-30 2023-04-30 0000719955 us-gaap:CommonStockMember 2023-04-30 0000719955 us-gaap:AdditionalPaidInCapitalMember 2023-04-30 0000719955 us-gaap:RetainedEarningsMember 2023-04-30 0000719955 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-04-30 0000719955 us-gaap:TreasuryStockCommonMember 2023-04-30 0000719955 2023-04-30 0000719955 us-gaap:RetainedEarningsMember 2023-05-01 2023-07-30 0000719955 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-05-01 2023-07-30 0000719955 us-gaap:CommonStockMember 2023-05-01 2