Williams-Sonoma, Inc. (NYSE:WSM) Q1 2023 Earnings Conference Call May 23, 2023 10:00 AM ET

Company Participants

Jeremy Brooks - Chief Accounting Officer and Head of Investor Relations

Laura Alber - President and Chief Executive Officer

Jeff Howie - Executive Vice President and Chief Financial Officer

Conference Call Participants

Cristina Fernandez - Telsey Advisory Group

Max Rakhlenko - TD Cowen

Simeon Gutman - Morgan Stanley

Chuck Grom - Gordon Haskett

Anthony Chukumba - Loop Capital Markets

Oliver Wintermantel - Evercore ISI

Seth Sigman - Barclays

Anna Andreeva - Needham

Operator

Welcome to the Williams-Sonoma, Inc. First Quarter 2023 Earnings Conference Call. At this time, all participants are in listen-only mode. A question-and-answer session will follow the conclusion of the prepared remarks.

I would now like to turn the call over to Jeremy Brooks, Chief Accounting Officer and Head of Investor Relations. Please go ahead.

Jeremy Brooks

Good morning. And thank you for joining our first quarter earnings call.

I'd like to remind you that during this call, we will make forward-looking statements with respect to future events and financial performance, including guidance for fiscal ‘23 and our long-term outlook. We believe these statements reflect our best estimates. However, we cannot make any assurances these statements will materialize, and actual results may differ significantly from our expectations.

The Company undertakes no obligation to publicly update or revise any of these statements to reflect events or circumstances that may arise after today's call. Additionally, we will refer to certain non-GAAP financial measures. These measures should not be considered replacements for and should be read together with our GAAP results.

A detailed reconciliation of non-GAAP measures to the most directly comparable GAAP measure appears in Exhibit 1 to the press release we issued earlier this morning. This call should also be considered in conjunction with our filings with the SEC. Finally, a replay of this call will be available on our Investor Relations website.

Now I'd like to turn the call over to Laura Alber, our President and Chief Executive Officer.

Laura Alber

Thank you, Jeremy. Good morning, everyone, and thank you for joining the call. I want to begin by thanking our strong team at Williams-Sonoma, Inc. for their talent and hard work in delivering another solid quarter of earnings, despite a challenging macro backdrop. With our focus on compelling products, customer service, and profitability, we achieved our financial expectations. We continue to distinguish ourselves as the world's largest digital first design led sustainable home retailer.