Williams-Sonoma reports Q3 EPS $3.66, consensus $3.33

Reports Q3 revenue $1.85B, consensus $1.94B. Comparable brand revenue was down 14.6%. “We are proud to deliver another quarter of strong earnings, significantly exceeding expectations, despite a challenging macroeconomic backdrop for our industry. We beat profitability estimates with a record third quarter operating margin of 17.0% with earnings per share of $3.66. These results were achieved in an environment filled with on-going consumer hesitancy on high-ticket discretionary furniture spend and elevated levels of promotional activity,” said Laura Alber, President and Chief Executive Officer.