Williams-Sonoma, Inc. reported its fourth-quarter earnings for fiscal year 2024, revealing earnings per share (EPS) of $3.28, exceeding analysts' expectations of $2.94 by $0.34. The company also reported revenues of $2.46 billion, surpassing the consensus estimate of $2.35 billion by $110 million, marking an 8.03% year-over-year increase. Despite these positive results, the stock experienced a decline of 5% in premarket trading, attributed to a cautious fiscal year 2025 outlook. The company guided for flat comparable store sales and margins, which some analysts viewed as a disappointment given the current housing market conditions. CEO Laura Alber highlighted a return to positive comparable sales for West Elm, with a 4% increase, and a record gross margin achieved by Williams-Sonoma. The company also announced a 16% increase in its dividend to $0.66 per share and reported net cash of $1.2 billion, despite repurchasing $800 million in stock. Analysts noted the company's successful management and strong product offerings, which have allowed it to navigate challenges better than some competitors. The sourcing strategy has improved, with a decrease in reliance on Chinese suppliers from 50% to 23% over four years, while US sourcing has increased to nearly 20%. Overall, Williams-Sonoma's performance reflects a robust quarter, though market reactions indicate uncertainty regarding future growth amid broader retail challenges.