Williams Sonoma (WSM) FY2023 results: revenue $7.8 billion, down 10.6% on the year
Williams Sonoma Inc. (WSM) reported revenue of $7.8 billion for fiscal 2023, the year ended 28 January 2024, down 10.6% on the year before. Net income was $950 million, down 15.8%, and diluted earnings per share $7.28. The figures are the company's own, from the 10-K it filed with the SEC on 20 March 2024.
Revenue
$7.8 billion
-10.6% on the year
FY2016FY2023
Operating margin
16.1%
17.3% a year earlier
FY2016FY2023
Net income
$950 million
-15.8% on the year
FY2016FY2023
Diluted EPS
$7.28
-10.8% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
1,680
1,053
1,371
+59.6%
Capital expenditure
188
354
227
-46.8%
Free cash flow
1,492
699
1,145
+113.5%
Free cash flow margin
19.2%
8.1%
13.9%
Cash from investing
-188
-354
-226
Cash from financing
-598
-1,179
-1,492
Depreciation and amortisation
233
214
196
+8.6%
Share-based compensation
84.8
90.3
95.2
-6.1%
Buybacks
313
880
899
-64.4%
Dividends paid
232
217
188
+7.0%
Dividend per share
$1.80
$1.56
$1.30
+15.4%
Diluted shares, weighted
131m
138m
153m
-5.5%
Shares outstanding at period end
128m
132m
144m
-3.1%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
2,128
1,701
1,664
+25.1%
Debt
0.0
0.0
0.0
Operating lease liabilities
1,156
1,212
1,067
-4.6%
Other liabilities
1,990
1,750
1,895
+13.7%
Total liabilities and equity
5,274
4,663
4,626
+13.1%
Fixed assets
1,013
1,065
921
-4.9%
Goodwill
77.3
77.3
85.4
-0.0%
Cash and equivalents
1,262
367
850
+243.5%
Receivables
123
116
132
+6.2%
Inventory
1,246
1,456
1,246
-14.4%
Other assets
1,552
1,581
1,391
-1.9%
Total assets
5,274
4,663
4,626
+13.1%
10-K for the year ended 28 January 2024, filed 20 March 2024: the filing.