Williams-Sonoma(WSM) - 2025 Q1 - Quarterly Results

Exhibit 99.1 FIRST QUARTER 2024 HIGHLIGHTS 1 • Comparable brand revenue -4.9% with a 2-year comp -10.9% and a 3-year comp -1.4%. • Gross margin of 48.3%, including a benefit of +290bps from an out-of-period adjustment. Without this adjustment, gross margin of 45.4%, which increased +690bps compared to LY GAAP basis, driven by (i) higher merchandise margins of +480bps, (ii) supply chain efficiencies of +240bps, partially offset by (iii) occupancy deleverage of -30bps. Occupancy costs of $196 million, -3.2% t ...