Williams-Sonoma Inc. (WSM), a prominent name in luxury home furnishings, announced its financial outcomes for the third quarter on Wednesday and subsequently adjusted its full-year 2024 forecast upward. This revision reflects the company's optimistic view on enhanced net revenue trends and improved operating margin expectations.
For fiscal year 2024, Williams-Sonoma now anticipates a net revenue decrease ranging from 3% to 1.5%, with a comparable brand revenue decline between 4.5% and 3%. This aligns with the average analyst forecast from Thomson Reuters, which projected the company to achieve revenue of approximately $7.53 per share for the year.
This marks an adjustment from the company's earlier outlook, which predicted a net revenue decline between 4% and 1.5%, and a comparable brand revenue decline ranging from 5.5% to 3%.
