Williams-Sonoma, Inc. reported its second quarter 2024 earnings, revealing a diluted earnings per share (EPS) of $1.74, surpassing analyst expectations of $1.64. However, the company reported net revenue of $1.79 billion, which fell short of the anticipated $1.82 billion. In response to these mixed results, Williams-Sonoma has lowered its full-year revenue outlook, now projecting annual net revenue growth between -4.0% and -1.5%, with comparable sales expected to decline between -5.5% and -3.0% for fiscal year 2024. This revision marks a significant downgrade from previous guidance, which estimated revenue growth of -3% to +3% and comparable sales ranging from -4.5% to +1.5%. Following the announcement, shares of Williams-Sonoma fell by approximately 13% in after-hours trading.