Williams-Sonoma, Inc. (WSM): A Bull Case Theory 

We came across a bullish thesis on Williams-Sonoma, Inc. on M Squared Capital’s Substack by Matthew McClintock. In this article, we will summarize the bulls’ thesis on WSM. Williams-Sonoma, Inc.'s share was trading at $196.06 as of September 16th. WSM’s trailing and forward P/E were 21.83 and 23.92 respectively according to Yahoo Finance.

Comp was above expectations with accelerating trends, as all brands posted positive comps for the second consecutive quarter, reflecting strength across both furniture and non-furniture categories. Management raised guidance, assuming no...