Williams-Sonoma (WSM) Revenue — Quarter Ended Apr 30, 2023
Revenue declined in the current quarter, reflecting a decrease from both the prior quarter and the same period a year ago. The company cited lower consumer demand for high-ticket furniture items, partially offset by fewer undelivered orders.
Key takeaway
Quarter ended Apr 30, 2023 · FY2023 Q1
Revenue declined in the current quarter, reflecting a decrease from both the prior quarter and the same period a year ago. The company cited lower consumer demand for high-ticket furniture items, partially offset by fewer undelivered orders.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.8B
Revenue reported for this quarter.
Quarter-over-quarter
-28.4%
Change from the immediately preceding quarter.
Year-over-year
-7.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$8.5B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jul 31, 2022 | $2.1B | +9.7% |
| Oct 30, 2022 | $2.2B | +7.1% |
| Jan 29, 2023 | $2.5B | -1.9% |
| Apr 30, 2023 | $1.8B | -7.2% |
Revenue performance
The company attributed the revenue drop to cautious consumer spending on big-ticket furniture, particularly affecting the West Elm brand which saw a significant decline, while Pottery Barn experienced a modest decrease. Strength in decorating and textiles categories provided some offset.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was lower, marking a reversal from the prior period's relatively higher level. Versus the same quarter one year earlier, revenue also contracted, continuing a year-over-year decline.
What to watch
Trends in high-ticket furniture demand and consumer spending behavior remain key areas to monitor for future revenue performance.