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WSM

Williams-Sonoma, Inc. ($WSM) Reports First Quarter 2024 ResultsWilliams-Sonoma, Inc. ( NYSE:WSM ) announced its first quarter 2024 results, showing a comparable brand revenue of -4.9% and an operating margin of 19.5%. The company's President and CEO, Laura Alber, expressed satisfaction with the results, citing improved top-line trends and continued profitability. The company's gross margin increased by 690bps compared to the LY GAAP basis, driven by higher merchandise margins and supply chain efficiencies. Occupancy costs increased by -3.2% to the LY GAAP basis. The company's SG&A rate increased by 28.8% to +170bps due to higher advertising spend and incentive compensation. Operating income reached $324 million with an operating margin of 19.5%, and diluted EPS was $4.07 per share. The company maintained a strong liquidity position of $1.3 billion in cash and operating cash flow of $227 million, enabling it to deliver returns to stockholders of $107 million through dividends and stock repurchases. The company over-recognized freight expense in fiscal years 2021, 2022, and 2023 for a cumulative amount of $49 million. The Condensed Consolidated Financial Statements for the thirteen weeks ended April 28, 2024, include an out-of-period adjustment of $49 million to reduce the cost of goods sold and accounts payable. The company is reiterating its guidance of annual net revenue growth in the range of -3% to +3% with comps in the range of -4.5% to +1.5% in fiscal 2024. The company is raising its guidance on its operating margin for fiscal 2024, expecting an operating margin between 17.6% to 18.0%, including the impact of the out-of-period adjustment of 60bps. Without this adjustment, the company expects an operating margin between 17.0% to 17.4% in fiscal 2024. Fiscal 2024 is a 53-week year, with financial statements prepared on a 53-week basis in fiscal 2024 and a 52-week basis in fiscal 2023. The additional week in fiscal 2024 is expected to contribute 150bps to net revenue growth and 10bps to operating margin. Over the long term, the company continues to expect mid-to-high single-digit annual net revenue growth with an operating margin in the mid-to-high teens. Technical Outlook Williams-Sonoma stock ( NYSE:WSM ) is up 23% in Wednesday's Pre-market trading previously closing with a Relative Strength Index (RSI) of 60.37. The stock has formed a mini double-shoulder top pattern.
NYSE:WSMLong
by DEXWireNews
Williams-Sonoma, Inc. Announces 26% Quarterly Dividend IncreaseWilliams-Sonoma, Inc. (NYSE: NYSE:WSM ) has announced significant moves aimed at enhancing shareholder value, including a substantial increase in its quarterly dividend and the authorization of a new $1 billion stock repurchase program. These strategic decisions underscore the company's confidence in its financial strength and commitment to delivering returns to its shareholders. Boosting Shareholder Returns: Williams-Sonoma's ( NYSE:WSM ) Board of Directors has approved a remarkable 26% increase in the company's quarterly cash dividend, now set at $1.13 per common share. This dividend hike reflects the company's robust performance and its dedication to rewarding shareholders. Additionally, the announcement of a new $1 billion stock repurchase authorization further reinforces Williams-Sonoma's commitment to maximizing shareholder value. Management's Perspective: Laura Alber, President and Chief Executive Officer of Williams-Sonoma, expressed pride in the company's achievements and its ability to bolster shareholder returns. She highlighted the company's strong finish in 2023, which paved the way for these strategic moves aimed at delivering long-term value. Jeff Howie, Chief Financial Officer, echoed this sentiment, emphasizing Williams-Sonoma's consistent profitability and strong cash flows, which have enabled the company to provide significant returns to its shareholders over the years. Strategic Utilization of Capital: The new stock repurchase authorization, effective immediately, provides Williams-Sonoma ( NYSE:WSM ) with additional flexibility to deploy capital efficiently. The program allows for the repurchase of the company's common stock through various channels, including open market transactions and privately negotiated deals. Management will assess market conditions and other factors to determine the timing and volume of share repurchases, ensuring optimal utilization of available funds. Long-Term Outlook: Williams-Sonoma's ( NYSE:WSM ) proactive steps to enhance shareholder returns underscore its confidence in the business's prospects and its ability to generate sustainable growth. By aligning its capital allocation strategy with shareholder interests, the company aims to drive long-term value creation. Technical Outlook NYSE:WSM is currently in a bullish trend with the stock up by 17% and a Relative Strength Index (RSI) of 80.92. Further concurring with the bullish Trend, NYSE:WSM is trading above its 200-day Moving Average (MA).
NYSE:WSMLong
by DEXWireNews
Wall Street Memes (WSM) (1h) v2Below is the prediction on the 'wallstmemes' token ( OKX:WSMUSDT ). Timeframe: 1h The main supports and resistances are indicated in the idea: the most important one, reached on October 3, is $0.0417; the second one, touched on October 6, is $0,0470. Technical analysis isn't so bullish, but... Assuming the listing of new tier 1 exchanges such as Binance, Coinbase (there have already been exchanges on etherscan), Bybit and Kucoin, the capitalization of the token could exceed that of Pepe in its ath. WSM's marketcap is 100mln rn: could it reach 500mln?
WLong
by mcpnz
4
Wall Street Memes (WSM) (1h)Below is the prediction on the 'wallstmemes' token ( OKX:WSMUSDT ). Timeframe: 1h The main supports and resistances are indicated in the idea: the most important one, reached on October 3, is $0.0417; the second one, touched on October 6, is $0,0470. Technical analysis isn't so bullish, but... Assuming the listing of new tier 1 exchanges such as Binance, Coinbase (there have already been exchanges on etherscan), Bybit and Kucoin, the capitalization of the token could exceed that of Pepe in its ath. WSM's marketcap is 100mln rn: could it reach 500mln?
WLong
by mcpnz
1
WSM LongDespite the recent poor environment, WSM held onto its 13.5% earnings gain before rocketing off Monday morning on news that a private equity firm has taken a 5% stake in the company. Saw the news after the fact... what I did see was a relatively strong stock breaking out of a narrow consolidation at the top of a deep bottoming base on massive volume. It ended up trading its average weekly volume in one day & the most daily volume since August 2021 AND closed very close to its high on the day. I'd normally like to give the stock more wiggle room after a big move like this, but the poor environment dictates that I move my stop up fast. I initially placed it slightly below the low of the day and was going to manually close the trade if the strong move faded into Monday afternoon, but it didn't and now I've slid it up just below breakeven with multiple key areas to protect it ($150 round #, High-Volume Support level around $151.25, and the anchored VWAP from Monday's open).
NYSE:WSMLong
by apaqu
WSM Stock 10/04/21 Analysis 4H ChartNYSE:WSM - Trend Analysis - 📑Value: 10/20 📈Growth: 18/20 💰Profitability 16/20 🚀Momentum: 20/20 💸Earnings: 18/20 🖇️Total Score: 82/100 Data: Volume 857M Average Volume (3 months) 1.55M Previous Close $185.31 Open $183.97 Shares Outstanding 76.19M Technicals: ( Simple Moving Average ) 10D SMA $180.95 (+1.25%) 50D SMA $144.80 (+26.53%) 200D SMA $109.46 (+67.38%) Market Cap $14.12B Total Debt $1.53B Cash $1.20B Enterprise Value $14.5B Revenue $6.78B Gross Profit $2.65B Net Income $680.71M EPS Diluted $8.61 Free Cash Flow / Share $14.31
NYSE:WSMLong
by investor_kings
US Stock In Play: $WSM (Williams-Sonoma Inc)$WSM is currently in a multi-week long Ascending Triangle chart pattern, with the consolidated price action also reflecting a Bullish Flag formation.  Both chart formations are impending volatility for a significant breakout of its resistance level at $188.30. The latest closing price of $185.28 is barely 50% of its daily ATR price action away from the immediate resistance. $WSM operates as an omni-channel specialty retailer of various products for home. 
NYSE:WSMLong
by jfsrevg
$WSM Death Cross - Bearish Options Activity$WSM Williams-Sonoma - Death cross on the daily chart earlier this month. After a post-Xmas bounce price has been rejected at down trend line resistance. Expecting continued declines into Q1 2019. See chart for two possible medium term targets. Adding to the bearish outlook, we saw some unusual options activity late last week with 16k Jan'19 47.50 strike (OTM) put options traded against OI of only 234 for a total premium of $2.5M Note: Informational analysis, not investment advice.
NYSE:WSMShort
by Triple_Barrel_Capital