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The late Berkshire Hathaway vice chairman Charlie Munger had a lot of praise for Amazon. You might consider LVMH as the luxury version of Berkshire Hathaway.
Williams-Sonoma's (WSM) fiscal second-quarter performance reflects improved top-line trend, market-share gains, and its commitment to profitability.
Williams-Sonoma's NYSE: WSM stock price slumped after its Q2 earnings release, but investors should use this opportunity to load up on a high-quality retail stock. The critical details from the report align with an outlook for steadily rising share prices, and there is a recent stock split to consider.
Williams-Sonoma has positives including a recent stock split, ongoing business strength, and management execution despite market challenges. Consider buying into weakness in the fall, especially during market selloffs, with target entry points and exit strategy outlined. The company saw strong margin expansion, solid balance sheet, and shareholder-friendly practices, making it an attractive long-term investment option.
Shares of Williams-Sonoma (WSM) tumbled in intraday trading Thursday as comparable sales fell more than expected across a number of the company's brands, leading the retailer to cut its full-year outlook.
Williams-Sonoma missed top-line estimates and cut its sales forecast. Gross margin jumped and the company improved its operating margin forecast.
Williams-Sonoma, Inc. (NYSE:WSM ) Q2 2024 Results Conference Call August 22, 2024 10:00 AM ET Company Participants Jeremy Brooks - Chief Accounting Officer and Head of IR Laura Alber - President and CEO Jeff Howie - EVP and CFO Conference Call Participants Chuck Grom - Gordon Haskett Peter Benedict - Baird Cristina Fernandez - Telsey Advisory Group Brian Nagel - Oppenheimer Simeon Gutman - Morgan Stanley Maksim Rakhlenko - TD Cowen Marni Shapiro - Retail Tracker Seth Basham - Wedbush Securities Steven Zaccone - Citi Operator Welcome to the Williams-Sonoma, Inc. Second Quarter 2024 Earnings Conference Call. At this time, all participants are in listen-only mode.
Williams-Sonoma (NYSE: WSM ) just reported results for the second quarter of 2024. Williams-Sonoma reported earnings per share of $1.74.
Williams-Sonoma (WSM) came out with quarterly earnings of $1.74 per share, beating the Zacks Consensus Estimate of $1.64 per share. This compares to earnings of $1.56 per share a year ago.