earnings
confidence high
sentiment positive
materiality 0.65
Q1 comp brand revenue +4.8%, EPS $1.93, operating margin 16.2%; FY guidance reiterated
WILLIAMS SONOMA INC
- Comparable brand revenue +4.8%; diluted EPS $1.93, up 4.3% YoY.
- Gross margin 44.0% (-30bps YoY) on lower merchandise margins, partially offset by supply chain efficiencies and occupancy leverage.
- Cash and equivalents $652M; generated $156M OCF; returned $373M to stockholders via buybacks ($288M) and dividends ($85M).
- Merchandise inventories $1.46B, +9.0% YoY, including ~$60M incremental tariff costs.
- FY 2026 guidance reiterated: net revenue growth +2.7% to +6.7% (comp +2% to +6%), op margin 17.5%-18.1%.