Williams-Sonoma (WSM) Revenue — Quarter Ended Oct 29, 2023
Net revenue declined in the current quarter compared with both the prior sequential period and the same quarter a year earlier. The decrease against the year-ago quarter was considerably larger than the sequential decline.
Key takeaway
Quarter ended Oct 29, 2023 · FY2023 Q3
Net revenue declined in the current quarter compared with both the prior sequential period and the same quarter a year earlier. The decrease against the year-ago quarter was considerably larger than the sequential decline.
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
-0.5%
Change from the immediately preceding quarter.
Year-over-year
-15.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$7.9B
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 |
|---|---|---|
| Jan 29, 2023 | $2.5B | -1.9% |
| Apr 30, 2023 | $1.8B | -7.2% |
| Jul 30, 2023 | $1.9B | -12.9% |
| Oct 29, 2023 | $1.9B | -15.5% |
Revenue performance
The year-over-year revenue decline was driven by lower consumer demand for high-ticket discretionary items, partially offset by relative strength in kitchen electrics, textiles, and seasonal offerings.
Quarterly comparison
Revenue in the current quarter fell sequentially from the immediately preceding quarter and dropped more sharply compared with the same quarter one year earlier.
What to watch
Watch for continued pressure from reduced furniture demand, particularly at the largest brand, which saw a comparable brand revenue decline.