08:44 AM EDT, 08/22/2024 (MT Newswires) -- Williams-Sonoma ( WSM ) reported fiscal Q2 non-GAAP earnings Thursday of $1.74 per diluted share, up from $1.56 a year earlier.

Analysts polled by Capital IQ expected $1.61.

Net revenue for the quarter ended July 28 was $1.79 billion, down from $1.86 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.81 billion.

For fiscal 2024, the company said it now expects net revenue to fall between 4% to 1.5%, compared with its prior range of a 3% fall to a 3% growth.

Williams-Sonoma's ( WSM ) stock fell 12% in recent Thursday premarket activity.

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