Williams Sonoma Q3 Revenue Dips Slightly to $1.85B
Ticker: WSM · Form: 10-Q · Filed: 2024-11-22T00:00:00.000Z
Sentiment: neutral
Topics: earnings, revenue, financials
Related Tickers: WSM
TL;DR
WSM Q3 rev $1.85B, down slightly YoY. Net income $158.1M.
AI Summary
Williams Sonoma Inc. reported its third-quarter results for the period ending October 27, 2024. The company's net revenue for the quarter was $1.85 billion, a slight decrease from $1.86 billion in the same period last year. Net income also saw a dip to $158.1 million, down from $161.7 million year-over-year. The company's fiscal year ends on February 2nd.
Why It Matters
This report indicates a slight slowdown in sales for Williams Sonoma, which could signal broader consumer spending trends in the home furnishings sector.
Risk Assessment
Risk Level: medium — The slight decrease in revenue and net income, coupled with the cyclical nature of home furnishings, suggests potential headwinds.
Key Numbers
- $1.85B — Net Revenue (Q3 2024) (Slightly down from $1.86B in Q3 2023)
- $158.1M — Net Income (Q3 2024) (Down from $161.7M in Q3 2023)
- 2024-10-27 — End of Fiscal Quarter (Reporting period for the 10-Q)
Key Players & Entities
- Williams Sonoma Inc. (company) — Filer of the 10-Q report
- October 27, 2024 (date) — End of the reporting period
- $1.85 billion (dollar_amount) — Net revenue for the third quarter
- $1.86 billion (dollar_amount) — Net revenue for the same period last year
- $158.1 million (dollar_amount) — Net income for the third quarter
- $161.7 million (dollar_amount) — Net income for the same period last year
- February 2nd (date) — End of the company's fiscal year
FAQ
What was Williams Sonoma's net revenue for the third quarter ending October 27, 2024?
Williams Sonoma's net revenue for the third quarter ending October 27, 2024, was $1.85 billion.
How did the net income in the third quarter of 2024 compare to the same period in 2023?
Net income in the third quarter of 2024 was $158.1 million, a decrease from $161.7 million in the same period of 2023.
When does Williams Sonoma's fiscal year end?
Williams Sonoma's fiscal year ends on February 2nd.
What was the reported net revenue for the comparable period in the prior year?
The reported net revenue for the comparable period in the prior year (ending around October 2023) was $1.86 billion.
What is the filing date for this 10-Q report?
This 10-Q report was filed on November 22, 2024.
From the Filing
0001628280-24-048978.txt : 20241122 0001628280-24-048978.hdr.sgml : 20241122 20241122161215 ACCESSION NUMBER: 0001628280-24-048978 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 54 CONFORMED PERIOD OF REPORT: 20241027 FILED AS OF DATE: 20241122 DATE AS OF CHANGE: 20241122 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: 241489871 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-20241027.htm 10-Q wsm-20241027 false 2024 Q3 0000719955 2/2 311 302 xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure wsm:facility wsm:Store 0000719955 2024-01-29 2024-10-27 0000719955 2024-11-17 0000719955 2024-07-29 2024-10-27 0000719955 2023-07-31 2023-10-29 0000719955 2023-01-30 2023-10-29 0000719955 2024-10-27 0000719955 2024-01-28 0000719955 2023-10-29 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 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 2024-07-28 0000719955 us-gaap:RetainedEarningsMember 2024-07-29 2024-10-27 0000719955 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-07-29 2024-10-27 0000719955 us-gaap:CommonStockMember 2024-07-29 2024-10-27 0000719955 us-gaap:AdditionalPaidInCapitalMember 2024-07-29 2024-10-27 0000719955 us-gaap:CommonStockMember 2024-10-27 0000719955 us-gaap:AdditionalPaidInCapitalMember 2024-10-27 0000719955 us-gaap:RetainedEarningsMember 2024-10-27 0000719955 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-10-27 0000719955 us-gaap:TreasuryStockCommonMember 2024-10-27 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-ga