How did Williams-Sonoma (NYSE: WSM) perform in fiscal 2022?

By - Raza Naqvi

Highlights

  • Williams-Sonoma recently announced its financial results for the fourth quarter and fiscal 2022.
  • On March 16, WSM announced increasing its quarterly cash dividend by 15 per cent.
  • On March 17, the WSM stock was down by 2.58 per cent and closed at US$ 116.86 per share.

Williams-Sonoma, Inc. (NYSE: WSM) is a specialty retailer of high-quality home products established in California in 1956 by Chuck Williams. It started with a focus on American cooking and entertaining but has since expanded into nearly all areas of the home.

The company operates through several brands such as Williams Sonoma, Williams Sonoma Home, Pottery Barn, Pottery Barn Kids, PBteen, West Elm, Mark and Graham, and Rejuvenation. It has an impressive international presence, with stores in over 60 countries and products available through catalogues and online.

Williams-Sonoma recently announced its financial results for the fourth quarter and fiscal 2022. Let's see how the company performed:

Latest earnings of WSM

On March 16, WSM announced increasing its quarterly cash dividend by 15 per cent, and shareholders will now get US$ 0.9 per share on May 26, 2023. The company also said it would repurchase shares worth US$ 1 billion.

In 2022, William-Sonoma's comparable brand revenue grew 6.5 per cent year-over-year (YoY) and delivered a gross margin of 42.4 per cent.

The company's net revenues were US$ 8.67 billion in 2022 compared to US$ 8.24 billion in 2021. Meanwhile, the gross profit was US$ 3.67 billion compared to US$ 3.63 billion in the same comparable period.

Notably, the net earnings also increased to US$ 1.127 billion in 2022 from US$ 1.126 billion in 2021.

Key data of WSM stock

The market cap of WSM was US$ 7.73 billion at the time of writing, and price-to-earnings (P/E) ratio stood at 7.2.

On March 17, the WSM stock was down by 2.58 per cent and closed at US$ 116.86 per share. In terms of year-to-date performance, the WSM stock grew slightly over two per cent.

Bottom line

Volatility is an inherent part of the stock market and can be difficult for investors to navigate. Overall, the best way to combat volatility is to stay disciplined and keep a long-term perspective. By focusing on the big picture and avoiding knee-jerk reactions, investors can weather the ups and downs of the market and achieve their financial goals.