Williams-Sonoma, Inc. (NYSE:WSM) Q3 2023 Results Conference Call November 16, 2023 10:00 AM ET

Company Participants

Jeremy Brooks - Chief Accounting Officer and Head, IR

Laura Alber - President and CEO

Jeff Howie - CFO

Yasir Anwar - Chief Digital and Technology Officer

Felix Carbullido - President, Williams Sonoma

Conference Call Participants

Chuck Grom - Gordon Haskett

Cristina Fernández - Telsey Advisory Group

Peter Benedict - Baird

Max Rakhlenko - TD Cowen

Anthony Chukumba - Loop Capital Markets

Jason Haas - Bank of America

Brian Nagel - Oppenheimer

Operator

Welcome to the Williams-Sonoma, Inc. Third Quarter Fiscal 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 third quarter earnings call. I’m here this morning with Laura Alber, our President and Chief Executive Officer; Jeff Howie, our Chief Financial Officer; Yasir Anwar, our Chief Digital and Technology Officer; and Felix Carbullido, our President of the Williams Sonoma brand.

Before we get started, I’d like to remind you that during this call, we will make forward-looking statements with respect to future events and financial performance, included updated 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 is available on our Investor Relations website.

Now, I’d like to turn the call over to Laura.

Laura Alber

Thank you, Jeremy. Good morning, everyone, and thank you for joining the call.

Before we get into our Q3 results, I would like to take a minute to thank the incredible team at Williams-Sonoma, Inc. for another quarter of great results. Without their hard work, dedication and focus, none of the results we are reporting today would have been achievable.