Net revenue growth of 8.2%, with comparable
brand revenue growth of 5.5%GAAP diluted EPS of $0.54;
non-GAAP diluted EPS of $0.67Raises 2018 full-year
guidance
Williams-Sonoma, Inc. (NYSE: WSM) today announced operating
results for the first fiscal quarter (“Q1 18”) ended April 29, 2018
versus the first fiscal quarter (“Q1 17”) ended April 30, 2017.
KEY HIGHLIGHTS
1st Quarter
2018
- Net revenue growth of 8.2%
- Comparable brand revenue growth of
5.5%
- E-commerce net revenue growth
accelerates double-digits, to 53.7% of total company net
revenues
- GAAP operating margin of 5.5%; non-GAAP
operating margin of 6.3%
- GAAP diluted EPS of $0.54; non-GAAP
diluted EPS of $0.67 outperforms guidance
- Merchandise inventories growth of 1.5%,
significantly below net revenue growth
These results include the adoption of ASU No. 2014-09, which
pertains to revenue recognition, in the first quarter of 2018. The
year-over-year impact of this change in accounting is a financial
benefit of $13.6 million in net revenues, $1.6 million in operating
income and $0.01 in EPS. From a rate perspective, this amounts to a
benefit of approximately 130bps of revenue growth, 30bps of
comparable brand revenue growth, 70bps of gross margin improvement,
60bps of selling, general and administrative expense deleverage and
10bps of operating margin improvement. See Exhibit 2 for more
details on the financial impact of adoption.
Fiscal Year 2018
Guidance
- Net revenue guidance raised to $5,495
billion – $5,655 billion
- Non-GAAP diluted EPS raised to $4.15 –
$4.25
Laura Alber, President and Chief Executive Officer,
commented, “Following a robust fourth quarter, we saw continued
strength in the first quarter. We achieved strong results against
our guidance range across all metrics, with our e-commerce revenues
outpacing to almost 54% of our total revenues. Our customer growth
continued to trend positively for both new and existing customers,
demonstrating the success of our balanced customer acquisition
strategy.”
Alber continued, “These results speak to the power of our
established multi-channel model, distinctive brand portfolio and
world-class customer service heritage – all of which are our
company’s competitive strengths. Based on this strong start to the
year, we are raising our full year guidance for net revenues by $20
million and for EPS by $0.03.”
1st QUARTER 2018 RESULTS
Net revenues increased 8.2% to $1.203 billion in Q1 18
from $1.112 billion in Q1 17. Excluding certain discrete items,
non-GAAP net revenues were $1.202 billion in Q1 18 or an 8.2%
increase on Q1 17. See Exhibit 1.
Comparable brand revenue in Q1 18 increased 5.5% compared
to an increase of 0.1% in Q1 17 as shown in the table below:
1st Quarter Comparable
Brand Revenue Growth (Decline) by Concept*
Q1 18
Q1 17
Pottery Barn 2.7% (1.4%) West Elm 9.0% 6.0% Williams Sonoma
5.6% 3.2% Pottery Barn Kids and Teen1 5.3% (8.0%)
Total 5.5% 0.1%
*See the Company’s 10-K and 10-Q filings
for the definition of comparable brand revenue.
1Starting in Q1 18, the performance of the
Pottery Barn Kids and PBteen brands are beingreported on a combined
basis as Pottery Barn Kids and Teen. For reference, thecomparable
brand revenue growth for Pottery Barn Kids and PBteen were 4.3% and
8.2%,respectively, for Q1 18, and (5.7%) and (14.3%), respectively,
for Q1 17.
E-commerce net revenues in Q1 18 increased 11.3% to $646
million from $581 million in Q1 17. Excluding certain discrete
items, non-GAAP e-commerce net revenues were $645 million in Q1 18
or an 11.2% increase on Q1 17. See Exhibit 1.
Retail net revenues in Q1 18 increased 4.9% to $557
million from $531 million in Q1 17.
Operating margin in Q1 18 was 5.5% compared to 5.6% in Q1
17. Excluding certain discrete items, non-GAAP operating margin was
6.3% in Q1 18 versus 6.1% in Q1 17. See Exhibit 1.
–
Gross margin was 35.9% in Q1 18 versus
35.6% in Q1 17. Excluding certain discrete items, non-GAAP gross
margin was 36.0% in Q1 18. See Exhibit 1.
–
Selling, general and administrative
(“SG&A”) expenses were $366 million, or 30.4% of net revenues
in Q1 18, versus $333 million, or 30.0% of net revenues in Q1 17.
Excluding certain discrete items, non-GAAP SG&A expenses were
$358 million, or 29.7% of net revenues in Q1 18 versus $328
million, or 29.5% of net revenues in Q1 17. See Exhibit 1.
The effective income tax rate in Q1 18 was 30.9% versus
36.8% in Q1 17. Excluding certain discrete items, the non-GAAP
effective income tax rate was 23.8% in Q1 18 versus 34.5% in Q1 17.
See Exhibit 1.
EPS in Q1 18 was $0.54 versus $0.45 in Q1 17. Excluding
certain discrete items, non-GAAP EPS was $0.67 in Q1 18 versus
$0.51 in Q1 17. See Exhibit 1.
Merchandise inventories at the end of Q1 18 increased
1.5% to $1.053 billion from $1.037 billion at the end of Q1 17.
STOCK REPURCHASE PROGRAM
During Q1 18, we repurchased 732,000 shares of common stock at
an average cost of $51.53 per share and a total cost of
approximately $38 million. As of April 29, 2018, there was
approximately $481 million remaining under our current stock
repurchase program.
FISCAL YEAR 2018 FINANCIAL
GUIDANCE
2nd Quarter 2018
Financial Guidance*
Total Net Revenues (millions) $1,250 – $1,275 Comparable
Brand Revenue Growth 3% – 5% Non-GAAP Diluted EPS $0.65 – $0.70
Fiscal Year 2018 Financial
Guidance*
Total Net Revenues (millions) $5,495 – $5,655 Comparable
Brand Revenue Growth 2% – 5% Non-GAAP Operating Margin 8.2% – 9.0%
Non-GAAP Diluted EPS $4.15 – $4.25 Non-GAAP Income Tax Rate 24.0% –
26.0% Capital Spending (millions) $200 – $220 Depreciation and
Amortization (millions) $185 – $195
* We have not provided a reconciliation of
non-GAAP guidance measures to the corresponding
GAAP measures on a forward-looking basis due to the
potential variability of discrete items.
Store Opening and Closing Guidance by
Retail Concept**
FY 2017 ACTUAL FY 2018 GUIDANCE
Total New
Close
End Williams Sonoma 228 5 (15) 218 Pottery Barn 203 4 (3)
204 West Elm 106 9 (3) 112 Pottery Barn Kids 86 - (9) 77
Rejuvenation 8 2
-
10
Total 631 20 (30) 621
** Included in the FY 17 store count are
19 stores in Australia and two stores in the
UK. FY 18 guidance includes
one additional UK store.
CONFERENCE CALL AND WEBCAST INFORMATION
Williams-Sonoma, Inc. will host a live conference call today,
May 23, 2018, at 2:00 P.M. (PT). The call, hosted by Laura Alber,
President and Chief Executive Officer, will be open to the general
public via live webcast and can be accessed at
http://ir.williams-sonomainc.com/events. A replay of the webcast
will be available at http://ir.williams-sonomainc.com/events.
SEC REGULATION G — NON-GAAP INFORMATION
This press release includes non-GAAP financial measures. Exhibit
1 provides reconciliations of these non-GAAP financial measures to
the most comparable financial measures calculated and presented in
accordance with accounting principles generally accepted in the
U.S. (“GAAP”). We believe that these non-GAAP financial measures,
when reviewed in conjunction with GAAP financial measures, can
provide meaningful supplemental information for investors regarding
the performance of our business and facilitate a meaningful
evaluation of current period performance on a comparable basis with
prior periods. Our management uses these non-GAAP financial
measures in order to have comparable financial results to analyze
changes in our underlying business from quarter to quarter. These
non-GAAP financial measures should be considered as a supplement
to, and not as a substitute for or superior to the GAAP financial
measures presented in this press release and our financial
statements and other publicly filed reports. Non-GAAP financial
measures as presented herein may not be comparable to similarly
titled measures used by other companies.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements that
involve risks and uncertainties, as well as assumptions that, if
they do not fully materialize or are proven incorrect, could cause
our results to differ materially from those expressed or implied by
such forward-looking statements. Such forward-looking statements
include statements relating to: our ability to continue to improve
performance and increase our competitive advantage; our focus on
operational excellence; our ability to improve customers’
experience; our optimism about the future; our ability to drive
long-term profitable growth; our future financial guidance,
including Q2 18 and FY 2018 guidance; our stock repurchase program;
and our proposed store openings and closures.
The risks and uncertainties that could cause our results to
differ materially from those expressed or implied by such
forward-looking statements include: continuing changes in general
economic conditions, and the impact on consumer confidence and
consumer spending; new interpretations of or changes to current
accounting rules or tax regulations; our ability to anticipate
consumer preferences and buying trends; dependence on timely
introduction and customer acceptance of our merchandise; changes in
consumer spending based on weather, political, competitive and
other conditions beyond our control; delays in store openings;
competition from companies with concepts or products similar to
ours; timely and effective sourcing of merchandise from our foreign
and domestic vendors and delivery of merchandise through our supply
chain to our stores and customers; effective inventory management;
our ability to manage customer returns; successful catalog
management, including timing, sizing and merchandising;
uncertainties in e-marketing, infrastructure and regulation;
multi-channel and multi-brand complexities; our ability to
introduce new brands and brand extensions; challenges associated
with our increasing global presence; dependence on external funding
sources for operating capital; disruptions in the financial
markets; our ability to control employment, occupancy and other
operating costs; our ability to improve our systems and processes;
changes to our information technology infrastructure; general
political, economic and market conditions and events, including
war, conflict or acts of terrorism; and other risks and
uncertainties described more fully in our public announcements,
reports to stockholders and other documents filed with or furnished
to the SEC, including our Annual Report on Form 10-K for the fiscal
year ended January 28, 2018 and all subsequent quarterly reports on
Form 10-Q and current reports on Form 8-K. All forward-looking
statements in this press release are based on information available
to us as of the date hereof, and we assume no obligation to update
these forward-looking statements.
ABOUT WILLIAMS-SONOMA, INC.
Williams-Sonoma, Inc. is a specialty retailer of high-quality
products for the home. These products, representing distinct
merchandise strategies — Williams Sonoma, Pottery Barn, Pottery
Barn Kids, West Elm, PBteen, Williams Sonoma Home, Rejuvenation,
and Mark and Graham — are marketed through e-commerce websites,
direct-mail catalogs and retail stores. We operate in the U.S.,
Puerto Rico, Canada, Australia and the United Kingdom, offer
international shipping to customers worldwide, and have
unaffiliated franchisees that operate stores in the Middle East,
the Philippines, Mexico and South Korea, as well as e-commerce
websites in certain locations. In 2017, we acquired Outward, Inc.,
a 3-D imaging and augmented reality platform for the home
furnishings and décor industry.
Williams-Sonoma, Inc.
Condensed Consolidated Statements of
Earnings
(unaudited)
Thirteen Weeks Ended April 29, 2018 April 30,
2017 In thousands, except per share amounts $ %
ofRevenues $ % ofRevenues E-commerce net revenues
646,180 53.7% 580,510 52.2% Retail net revenues
556,820 46.3% 530,997 47.8%
Net
revenues 1,203,000 100.0% 1,111,507
100.0% Cost of goods sold 770,836 64.1%
715,747 64.4%
Gross profit 432,164
35.9% 395,760 35.6% Selling, general and
administrative expenses 365,614 30.4% 333,286
30.0%
Operating income 66,550 5.5%
62,474 5.6%
Interest (income) expense, net
1,201 0.1% (103) -
Earnings before
income taxes 65,349 5.4% 62,577
5.6% Income taxes 20,181 1.7% 23,022
2.1%
Net earnings 45,168
3.8% 39,555 3.6% Earnings per
share (EPS): Basic $0.54 $0.45 Diluted $0.54
$0.45
Shares used in calculation of
EPS: Basic 83,392 86,962 Diluted 84,174
87,710
Williams-Sonoma, Inc.
Condensed Consolidated Balance
Sheets
(unaudited)
In thousands, except per share amounts April 29,
2018
January 28,
2018
April 30,
2017
ASSETS Current assets Cash and cash equivalents $ 290,244 $ 390,136
$ 93,975 Accounts receivable, net 102,630 90,119 63,982 Merchandise
inventories, net 1,052,892 1,061,593 1,037,107 Prepaid catalog
expenses — 20,517 20,341 Prepaid expenses 56,333 62,204 64,739
Other current assets 21,118 11,876
10,901 Total current assets 1,523,217
1,636,445 1,291,045 Property and
equipment, net 926,320 932,283 920,531 Deferred income taxes, net
58,842 67,306 124,977 Other long-term assets, net
148,526 149,715 54,624 Total assets
$ 2,656,905 $ 2,785,749 $ 2,391,177
LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities Accounts
payable $
393,025
$
457,144
$
397,442
Accrued expenses 99,823 134,207 87,184 Gift card and other deferred
revenue 256,534 300,607 298,113 Borrowings under revolving line of
credit — — 45,000 Income taxes payable 72,036 56,783 37,792 Other
current liabilities
61,403
59,082
47,134
Total current liabilities 882,821
1,007,823 912,665 Deferred rent and lease incentives
204,599 202,134 195,201 Long-term debt 299,472 299,422 — Other
long-term liabilities 72,779 72,804
73,160 Total liabilities 1,459,671
1,582,183 1,181,026 Stockholders’
equity Preferred stock: $.01 par value; 7,500 shares authorized;
none issued — — —
Common stock: $.01 par value; 253,125
shares authorized; 83,222, 83,726 and 86,883
shares issued and outstanding at April 29,
2018, January 28, 2018 and April 30, 2017,
respectively
833
837 869 Additional paid-in capital 564,685 562,814 549,281 Retained
earnings 638,774 647,422 671,758
Accumulated other comprehensive loss
(6,755)
(6,782)
(10,830)
Treasury stock, at cost (303) (725)
(927)
Total stockholders’ equity 1,197,234
1,203,566 1,210,151 Total liabilities and
stockholders’ equity $ 2,656,905 $ 2,785,749 $
2,391,177
Retail Store
Data(unaudited)
January 28, 2018
Openings Closings April 29, 2018 April 30,
2017 Williams Sonoma 228 — (4) 224 233 Pottery Barn 203 1 (1) 203
199 West Elm 106 2 — 108 99 Pottery Barn Kids 86 — (2) 84 89
Rejuvenation 8 — — 8 8 Total
631 3 (7) 627 628
Williams-Sonoma, Inc.
Condensed Consolidated Statements of
Cash Flows
(unaudited)
Thirteen Weeks Ended In thousands April
29,2018 April 30,2017 Cash flows from operating activities:
Net earnings $ 45,168 $ 39,555 Adjustments to reconcile net
earnings to net cash provided by (used in) operating activities:
Depreciation and amortization 47,873 44,950 Loss on
disposal/impairment of assets
414
519 Amortization of deferred lease incentives (6,724)
(6,477)
Deferred income taxes (3,241)
(3,848)
Tax benefit related to stock-based awards 6,126 13,742 Stock-based
compensation expense 12,889 9,817 Other 64
(76)
Changes in: Accounts receivable
(9,556)
24,610 Merchandise inventories 2,388
(60,246)
Prepaid catalog expenses —
(844)
Prepaid expenses and other assets (4,399)
(11,069)
Accounts payable
(76,823)
(65,483)
Accrued expenses and other liabilities
(32,047)
(47,248)
Gift card and other deferred revenue
4,815
(4,648)
Deferred rent and lease incentives 10,004 5,806 Income taxes
payable 13,818 14,564 Net cash provided
by (used in) operating activities
10,769
(46,376)
Cash flows from investing activities: Purchases of property and
equipment (34,029)
(32,153)
Other
120
5 Net cash used in investing activities
(33,909)
(32,148)
Cash flows from financing activities: Repurchases of common stock
(37,713)
(38,350)
Payment of dividends (34,081)
(34,189)
Tax withholdings related to stock-based awards (7,438)
(13,780)
Borrowings under revolving line of credit —
45,000 Net cash used in financing activities
(79,232)
(41,319)
Effect of exchange rates on cash and cash equivalents 2,480 105 Net
decrease in cash and cash equivalents (99,892)
(119,738)
Cash and cash equivalents at beginning of period
390,136 213,713 Cash and cash equivalents at end of
period $ 290,244 $ 93,975
Exhibit 1
1st Quarter GAAP to
Non-GAAP Reconciliation*
(unaudited)
(Dollars in thousands, except per share
data)
Thirteen Weeks Ended April 29, 2018
GAAP Basis
(as reported)
Outward-Related1
Employment-
Related Expense2
Tax Reform3
Impact of Equity
Accounting Rules4
Non-GAAP Basis Net revenues $ 1,203,000 $ (694) $ 1,202,306
Gross profit 432,164
582
432,746
% of Revenues 35.9% 36.0% Selling, general and administrative
expenses 365,614 (6,344) (1,702) - - 357,568 % of Revenues 30.4%
29.7% Operating income 66,550 6,926 1,702 - - 75,178 % of Revenues
5.5% 6.3% Earnings before income taxes 65,349 6,930 1,702 - -
73,981 Income taxes 20,181 1,467 402 $ (3,298) $ (1,146) 17,606 Tax
rate 30.9%
23.8% Net earnings $ 45,168
$ 5,463 $
1,300
$ 3,298 $ 1,146 $ 56,375
Diluted EPS
$0.54 $0.06 $0.02 $0.04 $0.01
$0.67 Thirteen Weeks Ended April 30, 2017
GAAP Basis
(as reported)
Severance-Related
Expense5
Adoption of Equity
Accounting Rules4
Non-GAAP
Basis
Selling, general and administrative expenses $ 333,286 $ (5,705) -
$ 327,581 % of Revenues 30.0% 29.5% Operating income 62,474 5,705 -
68,179 % of Revenues 5.6% 6.1% Earnings before income taxes 62,577
5,705 - 68,282 Income taxes 23,022 1,971 $ (1,429) 23,564 Tax rate
36.8% 34.5%
Net earnings $ 39,555 $ 3,734 $ 1,429 $
44,718
Diluted EPS $0.45 $0.04 $0.02
$0.51
*Per share amounts may not sum across due
to rounding to the nearest cent per diluted share.
Reconciliation of GAAP to Non-GAAP By
Segment**
(unaudited)
In
thousands E-commerce Retail Unallocated
Total Q1 18 Q1 17 Q1 18 Q1 17 Q1 18
Q1 17 Q1 18 Q1 17 Net revenues $ 646,180 $ 580,510 $
556,820 $ 530,997 - - $ 1,203,000 $ 1,111,507 Outward-related1
(694)
(694) Non-GAAP net revenues
645,486 580,510 556,820
530,997 1,202,306
1,111,507 Net revenue growth 11.3% 0.7% 4.9% 1.8% 8.2% 1.2%
Non-GAAP net revenue growth 11.2% 0.7%
4.9% 1.8% 8.2%
1.2% GAAP operating income (expense)
142,805 132,004 22,061 21,714
(98,316) (91,244) 66,550 62,474 GAAP
operating margin 22.1% 22.7%
4.0% 4.1% (8.2)% (8.2)% 5.5%
5.6% Outward-related1 5,551 - - - 1,375 - 6,926 -
Employment-related expense2 - - - - 1,702 - 1,702 -
Severance-related expenses5 - -
- - - 5,705 - 5,705
Non-GAAP operating income (expense) 148,356
132,004 22,061 21,714 (95,239)
(85,539) 75,178 68,179 Non-GAAP operating
margin 23.0% 22.7% 4.0%
4.1% (7.9)% (7.7)% 6.3% 6.1%
**See the Company’s 10-K and 10-Q filings
for additional information on segment reporting and the definition
of operating income (expense) and operating margin.
SEC Regulation G – Non-GAAP Information – These tables
include non-GAAP net revenues, gross profit, gross margin,
SG&A, operating income, operating margin, earnings before
income taxes, income taxes, effective tax rate, net earnings and
diluted EPS. We believe that these non-GAAP financial measures
provide meaningful supplemental information for investors regarding
the performance of our business and facilitate a meaningful
evaluation of our quarterly actual results on a comparable basis
with prior periods. Our management uses these non-GAAP financial
measures in order to have comparable financial results to analyze
changes in our underlying business from quarter to quarter. These
non-GAAP financial measures should be considered as a supplement
to, and not as a substitute for, or superior to, financial measures
calculated in accordance with GAAP. Non-GAAP financial measures as
presented herein may not be comparable to similarly titled measures
used by other companies.
Notes to Exhibit 1:
1
During Q1 18, we incurred approximately
$6.9 million of expense, primarily associated with
acquisition-related compensation expense, amortization of
intangible assets, as well as the operations of Outward, Inc.
2
During Q1 18, we incurred approximately
$1.7 million of employment-related expense in our corporate
functions, which is recorded in selling, general and administrative
expenses within the unallocated segment.
3
During Q1 18, we recorded income tax
expense of approximately 3.3 million, primarily related to the
measurement of the income tax effect of the Tax Cuts and Jobs Act
enacted in Q4 17.
4 During Q1 18 and Q1 17, we recorded income tax expense of
approximately $1.1 million and $1.4 million, respectively,
associated with the adoption of accounting rules related to
stock-based compensation. 5 During Q1 17, we incurred approximately
$5.7 million for severance-related reorganization expenses
primarily in our corporate functions, which is recorded in selling,
general and administrative expenses within the unallocated segment.
Exhibit 2
ASU No. 2014-09 Impact of
Adoption*
(unaudited)
(Dollars in thousands)
Q1
2018GAAPAs Reported ASU 2014-09Adjustment Q1
2018GAAPAs Adjusted Net revenues $ 1,203,000 $ (25,101) $ 1,177,899
Cost of goods sold 770,836 (6,144) 764,692 Gross profit 432,164
(18,957) 413,207 SG&A expenses 365,614 (12,262) 353,352
Operating income $ 66,550 $ (6,695) $ 59,855
*We adopted ASU No. 2014-09, which
pertains to revenue recognition, in the first quarter of fiscal
2018. This table shows the impact of adopting ASU No. 2014-09 on
our consolidated statement of earnings for the first quarter of
fiscal 2018.
Pro Forma Effect of ASU No.
2014-09**
(unaudited)
(Dollars in thousands, except per share
data)
As Reported Pro Forma
Q1 2018
Non-
GAAP1
Q1 2017
Non-
GAAP2
Q1
Year-
Over-
Year
Q1 2018
Non-
GAAP1
Q1 2017 Non-
GAAP Including
the Effect of
ASU 2014-093
Q1
Year-
Over-
Year
Year-Over-Year
Impact of
Accounting Change
Net revenues $1,202,306 $1,111,507 $90,799 $1,202,306
$1,125,131 $77,175 $13,624 Net revenue growth 8.2% 6.9% 1.3%
Revenue comp 5.5% 5.2%
0.3% Gross margin % 36.0% 35.6% 0.4% 36.0% 36.3% -0.3% 0.7%
SG&A expenses % 29.7% 29.5% -0.2% 29.7% 30.1%
0.4% -0.6% Operating income 75,178 68,179 $6,999 75,178 69,751
$5,427 $1,572 Operating margin % 6.3% 6.1% 0.2% 6.3%
6.2% 0.1% 0.1% Diluted EPS $0.67 $0.51 $0.16 $0.67
$0.52 $0.15 $0.01 ** We adopted ASU No. 2014-09 in the first
quarter of fiscal 2018 using the modified retrospective method.
Results for reporting periods beginning after January 29, 2018 are
presented under ASU No. 2014-09, while prior period amounts are not
adjusted and continue to be reported in accordance with the prior
revenue recognition standard. This table presents the pro forma
effect of ASU No. 2014-09 as if the recognition and presentation
guidance in the accounting standard had been applied in fiscal
2017.
1
These numbers represent Q1 2018 non-GAAP
financial results as disclosed in Exhibit 1, and include the impact
of adopting the new revenue standard (ASU 2014-09).
2
These numbers represent Q1 2017 non-GAAP financial results as
disclosed in Exhibit 1, and exclude the impact of the new revenue
standard.
3
In order to provide a meaningful
year-over-year comparison of our Q1 financial results, we have
adjusted our Q1 2017 results for informational purposes to reflect
the impact as if the new revenue standard had been adopted in Q1
2017.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180523006248/en/
WILLIAMS-SONOMA, INC.Julie Whalen, 415-616-8524EVP, Chief
Financial Officer-or-Elise Wang, 415-616-8571Vice President,
Investor Relations
Williams Sonoma (NYSE:WSM)
Historical Stock Chart
From Apr 2024 to May 2024
Williams Sonoma (NYSE:WSM)
Historical Stock Chart
From May 2023 to May 2024