Williams-Sonoma, Inc. stock research
FY2024 Q4
Williams-Sonoma (WSM) Gross Margin — Quarter Ended Feb 2, 2025
Revenue and gross profit increased compared to both the prior quarter and the same quarter last year. Cost of revenue also rose, but gross margin improved, indicating that a greater share of revenue was retained as gross profit.
Gross margin takeaway
Quarter ended Feb 2, 2025 · FY2024 Q4
Revenue and gross profit increased compared to both the prior quarter and the same quarter last year. Cost of revenue also rose, but gross margin improved, indicating that a greater share of revenue was retained as gross profit.
- The expansion of gross margin was the strongest observable driver, as the relationship between gross profit and revenue strengthened.
- Compared to the preceding quarter, revenue, gross profit, and cost of revenue all increased, with gross margin improving. Versus the same quarter last year, the same pattern held: revenue, gross profit, and cost of revenue were higher, and gross margin was higher.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
47.3%
Gross profit
$1.2B
Revenue
$2.5B
Cost of revenue
$1.3B
Quarter-over-quarter change
+1.9 pts
Year-over-year change
+1.3 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Apr 28, 2024 | $1.7B | $795.2M | $865.2M | 47.9% |
| Jul 28, 2024 | $1.8B | $803.9M | $984.4M | 45.0% |
| Oct 27, 2024 | $1.8B | $817.6M | $983.1M | 45.4% |
| Feb 2, 2025 | $2.5B | $1.2B | $1.3B | 47.3% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Oct 27, 2024
+1.9 pts
Year-over-year change
Jan 28, 2024
+1.3 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The expansion of gross margin was the strongest observable driver, as the relationship between gross profit and revenue strengthened.
Compared to the preceding quarter, revenue, gross profit, and cost of revenue all increased, with gross margin improving. Versus the same quarter last year, the same pattern held: revenue, gross profit, and cost of revenue were higher, and gross margin was higher.
Monitor the trend in cost of revenue relative to revenue, as changes in this relationship directly affect gross margin.