Williams-Sonoma (WSM) Revenue — Quarter Ended Jul 30, 2023
Revenue for the quarter declined compared to the same period last year, but rose from the immediately preceding quarter. The company attributed the year-over-year drop to lower consumer demand for high-ticket discretionary items, partially offset by strength in other categories.
Key takeaway
Quarter ended Jul 30, 2023 · FY2023 Q2
Revenue for the quarter declined compared to the same period last year, but rose from the immediately preceding quarter. The company attributed the year-over-year drop to lower consumer demand for high-ticket discretionary items, partially offset by strength in other categories.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.9B
Revenue reported for this quarter.
Quarter-over-quarter
+6.1%
Change from the immediately preceding quarter.
Year-over-year
-12.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$8.3B
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 |
|---|---|---|
| Oct 30, 2022 | $2.2B | +7.1% |
| Jan 29, 2023 | $2.5B | -1.9% |
| Apr 30, 2023 | $1.8B | -7.2% |
| Jul 30, 2023 | $1.9B | -12.9% |
Revenue performance
The reported revenue decreased year-over-year, reflecting a challenging environment for high-ticket categories. The sequential increase was supported by relative strength in certain product lines.
Quarterly comparison
Compared to the prior quarter, revenue improved, reversing the previous sequential decline. However, versus the same quarter one year earlier, revenue was lower, continuing the trend of year-over-year decreases seen in recent quarters.
What to watch
Monitor whether consumer demand for high-ticket discretionary items stabilizes in the coming quarters.