Williams-Sonoma (WSM) Reports Q2: Everything You Need To Know Ahead Of Earnings
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Kitchenware and home goods retailer Williams-Sonoma (NYSE:WSM) will be reporting results this Wednesday before market hours. Here's what to look for. Williams-Sonoma met analysts' revenue expectations last quarter, reporting revenues of $1.81 billion, up 4.4% year on year. It was a satisfactory quarter for the company, with a decent beat of analysts' gross margin estimates. Is Williams-Sonoma a buy or sell going into earnings? Read our full analysis here, it's free for active Edge members. This quarter, the market is expecting Williams-Sonoma's revenue to grow 5% year on year, improving from the 2.7% increase it recorded in the same quarter last year. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Williams-Sonoma has missed Wall Street's revenue estimates multiple times over the last two years. Looking at Williams-Sonoma's peers in the home furnishing and improvement retail segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Arhaus delivered year-on-year revenue growth of 7.4%, beating analysts' expectations by 4.9%, and Floor And Decor reported revenues up 3%, topping estimates by 1.6%. Arhaus traded up 16.6% following the results while Floor And Decor was also up 4.1%. Read our full analysis of...
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