Williams-Sonoma’s Resilient Cost Management Amidst Sales Decline, Analyst Highlights

Telsey Advisory Group analyst Cristina Fernandez reiterated an Outperform rating on Williams-Sonoma, Inc. (NYSE:WSM) with a price target of $146.

WSM reported a second-quarter FY23 revenue decline of 12.9% year-over-year to $1.86 billion, missing the consensus of $1.96 billion. Non-GAAP EPS was $3.12, above the consensus of $2.71.