SAN FRANCISCO — Williams-Sonoma delivered what it called “strong results” for its first quarter ended May 4, with comparable brand revenue up 3.4%, an operating margin of 16.8% and earnings per share of $1.85.
“We are proud to deliver strong results in the first quarter of 2025, driven by a positive top-line comp and continued strength in our profitability,” said Laura Alber, president and CEO, adding, “In the quarter, we saw an acceleration of the positive comp trend coming out of Q4, with all brands running positive comps.
“There is no doubt that existing macroeconomic and geopolitical uncertainties are a focal point for the market,” she continued. “But volatility is not new in our industry, and we are confident in our ability to adapt and navigate whatever lies ahead. Therefore, we are optimistic about 2025 as we continue our focus on product innovation and customer service.”
Williams-Sonoma posted net revenues of $1.73 billion, a 4.2% increase over the same period in 2024. Operating income and net income declined, however; operating income dipped 8.3% to $290.7 million, and net income dropped 11.2% to $231.3 million for the period.
The company has cash of $1 billion and $119 million in operating cash flow.
Its outlook for 2025 includes net revenues in the range of -1.5% to +1.5%, due to the impact from the 53rd week in fiscal 2024. Comps are expected to range from flat to 3% and operating margin between 17.4% and 17.8%.
Williams-Sonoma said it expects mid-to-high single-digit annual net revenue growth for the year.