Williams-Sonoma

Williams-Sonoma, Inc. (Williams-Sonoma) is a retailer of home goods based in San Francisco, California. It sells furniture, cookware, decor and related goods through e-commerce websites, retail stores and business-to-business sales. Its brands include Pottery Barn, West Elm, Williams Sonoma, Pottery Barn Kids, Rejuvenation, Mark and Graham, GreenRow and Dormify. It operated 508 stores at August 2, 2026, in the United States, Puerto Rico, Canada, Australia and the United Kingdom, and it has franchise partners in other countries.

In the year that ended February 1, 2026 (fiscal 2025), net revenues were $7,806.8 million and net income was $1,088.4 million. Laura Alber is President and Chief Executive Officer. The company files 10-K and 10-Q reports with the SEC, and its common stock trades on the New York Stock Exchange in US dollars.

The price of Williams-Sonoma depends on whether it can keep its operating margin in the high teens while tariffs stay in place and the housing market is weak. In Q2 of fiscal 2026, comparable brand revenue rose 6.2% and total revenue rose 6.7% to $1,959.8 million. The non-GAAP operating margin was 17.3%, which is 60 basis points less than a year before, because tariffs cut the merchandise margin. The GAAP margin of 22.9% is much higher, because the company booked refunds of earlier IEEPA tariffs.

The company counts those refunds out of the non-GAAP results and out of its guidance. It raised its guidance for fiscal 2026 to revenue growth of 4.7% to 7.2% and a non-GAAP operating margin of 17.8% to 18.2%, and it assumes that all tariffs now in place stay, including new Section 301 tariffs announced on July 23. For the price to hold or rise, three things must be true. Comparable sales must keep growing in all brands.

The company must pay for the tariff costs with supply chain efficiencies, occupancy leverage and a lower rate of staff cost, as it did in Q2. Demand for large home purchases must not fall further. The next tests are the Q3 report, expected in November 2026, and the Q4 report with the outlook for fiscal 2027, expected in March 2027.

1. Nov 18, 2026 · est.Pending

   Q3 fiscal 2026 results: margin without refundsComparable brand revenue keeps growing and the non-GAAP operating margin stays in the range of 17.8% to 18.2% that the company guides for the year, and this passes; a falling margin fails.
2. Mar 2027 · est.Pending

   Q4 fiscal 2026 results and outlook for fiscal 2027Revenue for fiscal 2026 lands in the guided range and the first outlook for fiscal 2027 keeps a margin in the mid-to-high teens, and this passes; a lower margin outlook fails.

Every passed and failed checkpoint across all picks

• October 16, 2026Williams-Sonoma appointed Lynn Martin as a director, effective October 19, 2026.
• August 28, 2026In its Form 10-Q, Williams-Sonoma said that it bought back no shares in Q2. In the first half, it bought back 1,608,253 shares for $287.8 million. About $1.1 billion remains under its buyback authorizations.
• August 26, 2026Williams-Sonoma reported Q2 fiscal 2026 results. Revenue rose 6.7% to $1,959.8 million, GAAP diluted EPS was $2.84 and non-GAAP diluted EPS was $2.10. Operating cash flow for the half-year was $696 million, and cash was $1.0 billion.

Last earnings

August 26, 2026 (8-K on sec.gov)

Next earnings

Expected about November 18, 2026. The company has not confirmed the date.

• 8-KChange of directors or officersFiled October 19, 2026 · wsm-20261016
• 10-QQuarterly report for the period ended Aug 2, 2026Filed August 28, 2026 · wsm-20260802
• 8-KEarnings releaseFiled August 26, 2026 · Press release and exhibits
• 8-KShareholder vote resultsFiled June 22, 2026 · wsm-20260618
• 10-QQuarterly report for the period ended May 3, 2026Filed May 22, 2026 · wsm-20260503
• 8-KEarnings releaseFiled May 21, 2026 · Press release and exhibits
• 10-KAnnual report for the period ended Feb 1, 2026Filed March 26, 2026 · wsm-20260201
• 8-KEarnings release and Other company newsFiled March 18, 2026 · Press release and exhibits
• 10-QQuarterly report for the period ended Nov 2, 2025Filed November 25, 2025 · wsm-20251102
• 8-KEarnings releaseFiled November 19, 2025 · Press release and exhibits

Every filing on SEC EDGAR (CIK 719955)

• Tariffs can cut the margin. The guidance assumes that all tariffs now in place stay for fiscal 2026, including Section 232 and Section 301 tariffs, and the merchandise margin fell 230 basis points in Q2 because of tariff costs. The refunds of Q2 will not come again.
• Demand for home goods can fall. The company says that its results came despite the housing market and other macroeconomic events. A longer weak housing market would hurt sales of big items.
• Costs of transport and oil can rise. The guidance assumes that oil prices stay elevated for the rest of the year.
• The margin must hold after the refunds. The GAAP operating margin of Q2 was 22.9%, but the non-GAAP margin was 17.3%. A reader who looks at the GAAP result will overstate the earning power.
• Rules for the tariffs can change. Some tariffs the company paid were refunded, and new tariffs followed. A change in either direction can move cost and the amount of vendor payments.

At August 2, 2026, Williams-Sonoma had cash and cash equivalents of $1,028.9 million, against $1,019.8 million at February 1, 2026. It had no borrowings under its credit facility of $600 million, and $13.6 million of letters of credit were outstanding under it. Read more

Yield at the current rate

1.2% (current annual rate, at today’s price)

Dividend yield

1.1% (last 12 months, at today’s price of $262.09)

Paid per share

$2.94 in the last 12 months (4 payments)

Current annual rate

$3.04 ($0.76 × 4 a year)

Payout ratio

30% of the last fiscal year’s earnings (the year that ended February 1, 2026)

Latest ex-dividend date

October 16, 2026, $0.76 per share

Dividends per share by year

From 2020 to 2025, the dividend grew by about 21.0% a year. From 2015 to 2025, the dividend grew by about 14.0% a year.

Source: company filings and market data, read on November 13, 2026. The ex-dividend date is the first day a buyer no longer gets the next payment.