Williams-Sonoma (WSM)

Williams-Sonoma, Inc. is the world's largest digital-first, design-led and sustainable home retailer. The company's products, representing distinct merchandise strategies - Williams Sonoma, Pottery Barn, Pottery Barn Kids, Pottery Barn Teen, West Elm, Williams Sonoma Home, Rejuvenation, and Mark and Graham - are marketed through e-commerce websites, direct-mail catalogs and retail stores. These brands are also part of The Key Rewards, its free-to-join loyalty program that offers members exclusive benefits across the Williams-Sonoma family of brands. Williams-Sonoma operates in the U.S., Puerto Rico, Canada, Australia and the United Kingdom, offers international shipping to customers worldwide, and has unaffiliated franchisees that operate stores in the Middle East, the Philippines, Mexico, South Korea and India, as well as e-commerce websites in certain locations. The company is also proud to lead the industry with its Environmental, Social and Governance ('ESG') efforts. The company is Good By Design - it has deeply engrained sustainability into its business. From its factories to your home, Williams-Sonoma is united in a shared purpose to care for its people and its planet.

Company profile

Ticker

WSM

Exchange

NYSE

Website

www.williams-sonomainc.com

CEO

Laura Alber

Incorporated

California

Location

California

Fiscal year end

Jan 29

Sector

Retail Trade > All Other Home Furnishings Stores

Industry (SIC)

Retail - Home Furniture, Furnishings & Equipment Stores

Bed, Bath & Beyond • At Home • Pier 1 Imports • Container Store • Tile Shop Hldgs • JanOne • Preaxia Health Care Payment Systems • Polished.com • Green Growth Brands ...

SEC CIK

0000719955

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Williams-Sonoma Stores, Inc. • Williams-Sonoma Direct, Inc. • Williams-Sonoma DTC, Inc. • Williams-Sonoma Singapore Pte. Ltd. ...

IRS number

942203880

WSM stock data

1M 1Y 5Y

News

From Benzinga Pro

Williams-Sonoma, Beyond Meat And 2 Other Big Stocks Insiders Are Selling

11 Aug 22

U.S. stock futures traded higher this morning on Thursday ahead of the PPI data for July. Investors, meanwhile, focused on some notable insider trades.

HP, Electronic Arts And 2 Other Stocks Insiders Are Selling

3 Aug 22

U.S stocks traded higher on Wednesday, with the Dow Jones gaining more than 200 points. Investors, meanwhile, focused on some notable insider trades.

Morgan Stanley Maintains Equal-Weight on Williams-Sonoma, Lowers Price Target to $140

20 Jul 22

Morgan Stanley analyst Simeon Gutman maintains Williams-Sonoma (NYSE:WSM) with a Equal-Weight and lowers the price target from $152 to $140.

What 10 Analyst Ratings Have To Say About Williams-Sonoma

23 Jun 22

Goldman Sachs Maintains Sell on Williams-Sonoma, Lowers Price Target to $100

23 Jun 22

Press releases

From Benzinga Pro

WILLIAMS-SONOMA, INC. NAMED TO FORBES' LIST OF 'AMERICA'S BEST EMPLOYERS FOR WOMEN' FOR FOURTH CONSECUTIVE YEAR

5 Aug 22

Home-Furnishing Retailer Recognized for Representation, Pay Equity and Diversity Williams-Sonoma, Inc. (NYSE:WSM), the world's largest digital-first, design-led and sustainable home retailer, has been named to Forbes'

WILLIAMS-SONOMA, INC. RELEASES 2021 IMPACT REPORT

3 Aug 22

Report Highlights Company's Progress on Industry-Leading Sustainability and Social Impact Goals Williams-Sonoma, Inc. (NYSE:WSM), the world's largest digital-first, design-led and sustainable home retailer, announced

POTTERY BARN KIDS DEBUTS NEW GEAR STYLES AND SHOPPING TOOLS FOR BACK-TO-SCHOOL SEASON

29 Jul 22

With a robust assortment of back-to-school essentials, Pottery Barn Kids makes it fun and easy to shop by age, by product category, or by color, design, and personalization. Pottery Barn Kids, a portfolio brand of

LEADERSHIP TRANSITION AT THE WILLIAMS SONOMA BRAND

26 Jul 22

POTTERY BARN LAUNCHES THE ACCESSIBLE HOME COLLECTION

22 Jul 22

Analyst ratings and price targets

Last 3 months

Average target

$142.00

Low target

$100.00

High target

$185.00

Telsey Advisory Group

Citigroup

Maintains

Neutral

$138.00

13 May 22

Calendar

1 Jun 22

12 Aug 22

29 Jan 23

Financial summary

Financial statements Chart WSM financial data

Quarter (USD)	May 22	Jan 22	Oct 21	Aug 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Jan 22	Jan 21	Feb 20	Feb 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	324.84M	324.84M	324.84M	324.84M	324.84M	324.84M
Cash burn (monthly)	175.17M	26.24M	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	596.36M	89.32M	n/a	n/a	n/a	n/a
Cash remaining	-271.52M	235.51M	n/a	n/a	n/a	n/a
Runway (months of cash)	-1.6	9.0	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

WSM insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
1 Aug 22	Esi Eggleston Bracey	Deferred Stock Units Common Stock	Grant	Acquire A	No	No	0	153	0	153
1 Aug 22	Ready William J	Common Stock	Grant	Acquire A	No	No	0	161	0	3,921
1 Aug 22	Dahnke Scott Arnold	Common Stock	Gift	Dispose G	No	No	0	346	0	20,000
1 Aug 22	Dahnke Scott Arnold	Common Stock	Grant	Acquire A	No	No	0	346	0	20,346
29 Jul 22	Whalen Julie	Common Stock	Sell	Dispose S	No	Yes	140.66	5,000	703.3K	96,239
10 Jul 22	Ross Ryan	Common Stock	Payment of exercise	Dispose F	No	No	130.47	1,051	137.12K	22,336
10 Jul 22	Ross Ryan	Common Stock	Option exercise	Acquire M	No	No	0	2,118	0	23,387
10 Jul 22	Ross Ryan	RSU Common Stock	Option exercise	Dispose M	No	No	0	2,118	0	2,118

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

WSM institutional ownership history Ownership history

99.5% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	611	642	-4.8%
Opened positions	77	125	-38.4%
Closed positions	108	73	+47.9%
Increased positions	227	210	+8.1%
Reduced positions	210	214	-1.9%

13F shares	Current	Prev Q	Change
Total value	9.92B	12.02B	-17.5%
Total shares	68.42M	71.12M	-3.8%
Total puts	749.24K	1.3M	-42.4%
Total calls	521.8K	1.27M	-58.9%
Total put/call ratio	1.4	1.0	+40.2%

Largest owners	Shares	Value	Change
Vanguard	7.63M	$1.11B	-0.8%
BLK Blackrock	6.81M	$988.02M	-9.9%
FMR	6.04M	$875.88M	+4.7%
Capital Research Global Investors	5.47M	$793.87M	-2.7%
Aristotle Capital Management	5.1M	$739.84M	-2.0%
Blackhill Capital	4.01M	$582M	-0.0%
STT State Street	2.35M	$341.32M	-7.9%
HS Management Partners	1.66M	$240.08M	+61.6%
First Trust Advisors	1.41M	$204.29M	+24.1%
Geode Capital Management	1.05M	$152.86M	-7.4%

Largest transactions	Shares	Bought/sold	Change
Select Equity	955.34K	-775.85K	-44.8%
BLK Blackrock	6.81M	-750.44K	-9.9%
Norges Bank	0	-638.82K	EXIT
HS Management Partners	1.66M	+630.83K	+61.6%
Westfield Capital Management	0	-348.25K	EXIT
BAC Bank Of America	488.54K	-293.6K	-37.5%
Samlyn Capital	0	-291.43K	EXIT
AMP Ameriprise Financial	317.14K	-291.02K	-47.9%
First Trust Advisors	1.41M	+273.42K	+24.1%
FMR	6.04M	+268.79K	+4.7%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

MillerKnoll • Kirkland`s • Wayfair • Instadose Pharma

Management Discussion

Net revenues in the first quarter of fiscal 2022 increased by $142.2 million or 8.1%, compared to the first quarter of fiscal 2021, with comparable brand revenue growth of 9.5%. This was driven by strength in both retail and e-commerce, particularly in our Pottery Barn and West Elm brands, primarily due to an increase in furniture sales. Net revenue growth was partially offset by comparable brand revenue declines in our Williams Sonoma and Pottery Barn Kids and Teen brands, and a decrease in international net revenues of 5.0%.
For the first quarter of fiscal 2022, we delivered comparable brand revenue growth of 9.5%. Pottery Barn, our largest brand, delivered 14.6% comparable brand revenue growth during the quarter. All channels and product categories contributed, with growth primarily driven by our high-quality proprietary furniture business. In addition, we saw strength across the Pottery Barn business - in core product, new offerings and our seasonal inventories. In West Elm, comparable brand revenue growth was 12.8%, driven by strong performance in furniture. Customers responded to new collections and line extensions in incremental sizes and aesthetics. New categories such as kids and bath contributed to incremental growth. The Williams Sonoma brand saw a comparable brand revenue decline of 2.2% during the quarter, following a 35.3% increase in comparable brand revenues in the first quarter of fiscal 2021. Comparable brand revenues in the first quarter of fiscal 2022 were affected by out-of-stock inventories, including constraints on our exclusive products. In our Pottery Barn Kids and Teen brands, we saw comparable brand revenue decline 3.1% during the quarter, driven by supply chain pressure out of Vietnam. Despite some current recoveries in inventory, our backorders remain at significant levels, and we have seen further push-outs of delivery. Finally, our emerging brands, Rejuvenation and Mark and Graham, delivered a combined comparable brand revenue growth of 31.0% during the first quarter of fiscal 2022.
For the first quarter of fiscal 2022, diluted earnings per share was $3.50, compared to $2.90 in the first quarter of fiscal 2021 (which included a $0.03 impact related to acquisition-related compensation expense and amortization of acquired intangibles of Outward, Inc.).

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Avg

New words: aware, billion, cancelled, center, chapter, check, code, complying, consumer, electronically, factory, filer, half, hold, Identification, Interactive, leave, Mine, month, par, past, preceding, prescribed, pursuant, Quantitative, reclassification, registered, registrant, Regulation, revised, Rule, Safety, section, Senior, shell, shorter, smaller, space, spending, stockholder, technology, telephone, thereof, Unregistered, WASHINGTON, WSM, York

Removed: achievement, agreement, allocation, announced, audit, August, baby, calculating, capacity, Codification, computation, count, distinct, eliminating, enacted, equal, exercise, experienced, franchise, interim, intraperiod, methodology, projected, protect, recognition, recognize, reflect, released, response, shareholder, shopping, Simplifying, target, unit

From filing 10-Q 2022 Q1

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