
Shares of Pottery Barn owner Williams-Sonoma WSM.N fall as much as 13.5% at $149.06 in early trade
Stock set for its worst day since May 2022 if losses hold
Co sees fiscal year 2025 operating margin below what it reported for 2024
Brokerage RBC Capital Markets notes gross margin gains fading, says co is likely to see modest gross margin pressure through out 2025
Margin guide seems conservative given prior significant multi-year momentum but worrisome nonetheless- brokerage TD Cowen
RBC also notes that housing sector remains pressured but says WSM is well-positioned for an eventual housing recovery
Co also forecast annual same-store sales slightly above estimates after Q4 sales, profit beat estimates
WSM has fallen 7% YTD,