Williams-Sonoma (WSM) 10-K Summary — Year Ended Jan 28, 2024
The filing provides an overview of the company's retail operations and financial performance. Revenue declined for the most recent period, while operating cash flow remained positive and supported capital allocation activities.
Key takeaway
Year ended Jan 28, 2024 · FY2025 10-K
The filing provides an overview of the company's retail operations and financial performance. Revenue declined for the most recent period, while operating cash flow remained positive and supported capital allocation activities.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$7.8B
Revenue reported for the fiscal year.
Operating income
$1.2B
Income from operations reported for the year.
Net income
$949.8M
Net income reported for the year.
Operating cash flow
$1.7B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jan 30, 2022 | $8.2B | n/a |
| Jan 29, 2023 | $8.7B | +5.2% |
| Jan 28, 2024 | $7.8B | -10.6% |
Business overview
The company operates retail stores, as indicated by references to retail store locations and occupancy costs in the risk factors. The business overview section was not included in the supplied filing context.
Financial performance
Revenue decreased compared to the prior year. Operating income, net income, and operating cash flow were all positive, with operating cash flow exceeding net income.
Material risks
Material risks include the inability to manage operating costs and attract qualified personnel, potential impairment of long-lived assets due to changes in cash flow projections, and failure to meet public guidance or investor expectations. The company also faces risks from fluctuations in quarterly results and the sustainability of its dividend and share repurchase programs.
Liquidity and capital
The company generated positive operating cash flow, which it uses for dividends and share repurchases. However, the risk factors note that failure to maintain these programs at intended levels could harm reputation and stock price.
What to watch
Monitor the company's ability to sustain its quarterly dividend and share repurchase programs in the next filing.