Williams-Sonoma Slashes FY24 Revenue Outlook As Q2 Revenues Miss Estimates
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Luxury home furnishing retailer Williams-Sonoma Inc. (WSM) reported a Q2 net earnings increase to $75 million or $0.74 per share, exceeding expectations but facing a revenue decrease to $1.79 billion, below estimates of $1.81 billion. For FY24, the company now anticipates a revenue decline of 4% to 1.5%, adjusting previous forecasts of a potential 3% growth. Comparable brand revenue fell by 3.3%.
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