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2026-09-08 10:41 8d ago
2026-09-08 03:56 8d ago
Hsbc zvýšila podíl ve Williams-Sonoma na 302 105 akcií
WSM Williams-Sonoma
FMP Stock News 78
Original source text
Hsbc Holdings PLC increased its position in shares of Williams-Sonoma, Inc. (NYSE:WSM – Free Report) by 12.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 302,105 shares of the specialty retailer’s stock after buying an additional 32,644 shares during the period. Hsbc Holdings PLC owned 0.26% of Williams-Sonoma worth $70,540,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new position in shares of Williams-Sonoma in the fourth quarter worth about $25,000. Atlantic Union Bankshares Corp grew its position in shares of Williams-Sonoma by 51.5% during the 4th quarter. Atlantic Union Bankshares Corp now owns 147 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 50 shares during the period. MidFirst Bank acquired a new stake in shares of Williams-Sonoma during the 4th quarter valued at about $30,000. Ballast Advisors LLC purchased a new position in shares of Williams-Sonoma in the 1st quarter valued at about $30,000. Finally, Millstone Evans Group LLC increased its stake in shares of Williams-Sonoma by 229.4% in the 1st quarter. Millstone Evans Group LLC now owns 168 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 117 shares in the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

Wall Street Analyst Weigh In WSM has been the topic of a number of recent analyst reports. Barclays set a $190.00 price target on Williams-Sonoma and gave the stock an “equal weight” rating in a research report on Friday, May 22nd. The Goldman Sachs Group restated a “buy” rating and issued a $261.00 price objective (up from $230.00) on shares of Williams-Sonoma in a research report on Tuesday, August 11th. UBS Group reaffirmed a “neutral” rating and set a $247.00 target price (up from $190.00) on shares of Williams-Sonoma in a research note on Thursday, August 27th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $260.00 target price on shares of Williams-Sonoma in a research note on Thursday, August 27th. Finally, Morgan Stanley increased their target price on Williams-Sonoma from $210.00 to $240.00 and gave the company an “equal weight” rating in a research report on Thursday, August 27th. Ten research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, Williams-Sonoma currently has a consensus rating of “Moderate Buy” and a consensus price target of $245.56.

Check Out Our Latest Research Report on WSM Williams-Sonoma Price Performance NYSE WSM opened at $227.12 on Tuesday. The company has a market cap of $26.75 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 2.45 and a beta of 1.47. The stock’s 50 day simple moving average is $232.29 and its 200-day simple moving average is $208.92. Williams-Sonoma, Inc. has a 1-year low of $165.51 and a 1-year high of $254.89.

Williams-Sonoma (NYSE:WSM – Get Free Report) last issued its quarterly earnings results on Wednesday, August 26th. The specialty retailer reported $2.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.08 by $0.02. Williams-Sonoma had a return on equity of 53.48% and a net margin of 14.73%.The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same period in the previous year, the company posted $2.00 earnings per share. The business’s revenue was up 6.7% on a year-over-year basis. On average, equities research analysts anticipate that Williams-Sonoma, Inc. will post 9.48 EPS for the current fiscal year.

Williams-Sonoma Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, July 17th were paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, July 17th. Williams-Sonoma’s payout ratio is 31.12%.

Insider Transactions at Williams-Sonoma In other news, EVP Karalyn Yearout sold 522 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $246.39, for a total value of $128,615.58. Following the completion of the sale, the executive vice president directly owned 20,195 shares in the company, valued at $4,975,846.05. This represents a 2.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 2,634 shares of company stock worth $632,696. Insiders own 1.10% of the company’s stock.

Williams-Sonoma Profile (Free Report)

Williams‑Sonoma, Inc is a specialty retailer focused on the home and culinary markets, best known for premium cookware, kitchen tools and home furnishings. The company traces its roots to a single cookware store founded by Chuck Williams in 1956 in Sonoma, California, and has evolved into a multi‑brand home furnishings and housewares business. Its merchandise mix spans cookware and kitchen electrics, tabletop and food prep items, furniture, bedding, lighting and decorative accessories designed for both everyday use and higher‑end interiors.

The company operates a portfolio of consumer brands that target distinct segments of the home market.

See Also Five stocks we like better than Williams-Sonoma 3 Under-the-Radar Defense Stocks With Record Backlogs This Korea ETF Has Soared, But the Rally May Not Be Over Why Guidewire’s Post-Earnings Plunge May Not Last Ride-Share Reckoning: Tesla Drives Into Uber’s Lane Want to see what other hedge funds are holding WSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Williams-Sonoma, Inc. (NYSE:WSM – Free Report).

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2026-08-31 10:50 16d ago
2026-08-26 08:00 21d ago
Williams-Sonoma zvýšila tržby i výhled na fiskální rok 2026
WSM Williams-Sonoma
FMP Stock News 92
Original source text
Q2 comparable brand revenue +6.2%
GAAP operating margin of 22.9%; non-GAAP operating margin of 17.3%
GAAP diluted EPS of $2.84; non-GAAP diluted EPS of $2.10
Raises full-year 2026 outlook

SAN FRANCISCO--(BUSINESS WIRE)--Williams-Sonoma, Inc. (NYSE: WSM) today announced operating results for the second quarter ended August 2, 2026 versus the second quarter ended August 3, 2025.

“We delivered a very strong second quarter. In Q2, our comp came in at 6.2%, with total revenue growth of 6.7%, and we drove an operating margin of 17.3% with earnings per share of $2.10. Every brand delivered again in the quarter, driven by strong execution across our brands, our channels, and our team,” said Laura Alber, President and Chief Executive Officer.

Alber concluded, “Our strategies continue to gain momentum, and our results reflect the power of our execution. We gained market share, continued to outperform the industry, and raised our annual outlook on both the top and bottom lines. We are delivering compounding results despite the housing market and other macroeconomic events, and we remain confident in our priorities and plans for the remainder of 2026 and beyond.”

SECOND QUARTER 2026 HIGHLIGHTS

Comparable brand revenue +6.2%. Gross margin of 51.6% on a GAAP basis, +450bps to LY driven by (i) IEEPA tariff refunds, net of tariff-related vendor concessions, of +610bps, (ii) occupancy leverage of +40bps, and (iii) supply chain efficiencies of +30bps, partially offset by (iv) lower merchandise margins of -230bps primarily driven by tariff costs. Occupancy costs of $208 million, +3.3% to LY. Gross margin of 45.5% on a non-GAAP basis, -160bps to LY driven by (i) lower merchandise margins of -230bps primarily driven by tariff costs, partially offset by (ii) supply chain efficiencies of +30bps, and (iii) occupancy leverage of +40bps. Occupancy costs of $208 million, +3.3% to LY. SG&A rate of 28.7% on a GAAP basis, -50bps to LY driven by (i) employment expense leverage, net of a one-time tariff-related employee recognition cost in the form of a discretionary 401(k) contribution, of -70bps, partially offset by (ii) higher general expenses of +10bps, and (iii) higher advertising expenses of +10bps. SG&A of $563 million, +5.0% to LY on a GAAP basis. SG&A rate of 28.2% on a non-GAAP basis, -100bps to LY driven by (i) employment expense leverage of -120bps, partially offset by (ii) higher general expenses of +10bps, and (iii) higher advertising expenses of +10bps. SG&A of $553 million, +3.1% to LY on a non-GAAP basis. Operating income of $449 million with an operating margin of 22.9% on a GAAP basis; or $338 million with an operating margin of 17.3% on a non-GAAP basis. +500bps to LY on a GAAP basis and -60bps to LY on a non-GAAP basis. GAAP diluted EPS of $2.84 per share, or $2.10 on a non-GAAP basis. +42.0% to LY on a GAAP basis and +5.0% to LY on a non-GAAP basis. Merchandise inventories +1.0% to the second quarter LY to $1.45 billion, net of $29.3 million of deferred tariff refund income recorded as a reduction of inventory. Maintained strong liquidity position of $1.0 billion in cash and $696 million in operating cash flow, inclusive of the collection of $200.2 million of tariff refunds and the related interest, enabling the company to deliver returns to stockholders of $90 million through dividends. TARIFF REFUND

During the second quarter of fiscal 2026, we recognized income from the refund of previously paid International Emergency Economic Powers Act (“IEEPA”) tariffs. During the quarter, we recorded (i) a reduction of cost of goods sold of $167.8 million related to refunds received for tariffs that have been previously expensed and (ii) related interest income of $6.3 million. This income was partially offset by (i) a provision of $47.5 million to reimburse certain merchandise vendors that previously provided tariff-related concessions and (ii) a one-time tariff-related employee recognition cost of $10.0 million, in the form of a discretionary 401(k) contribution to all eligible employees. As of August 2, 2026, we deferred $29.3 million of the tariff refund income as a reduction of merchandise inventories, which we anticipate recognizing as a reduction to cost of goods sold in the third quarter of fiscal 2026. Substantially all of our initial refund claim of $197.8 million has been collected as of August 2, 2026, with a remaining tariff refund receivable of $3.2 million. We have adjusted all of these tariff-related items as non-GAAP adjustments. See Exhibit 1 for our GAAP to non-GAAP reconciliation.

OUTLOOK

We are raising our fiscal 2026 guidance to reflect our year-to-date strong performance. In fiscal 2026, we now expect annual net revenues in the range of +4.7% to +7.2%, with comps in the range of +4.0% to +6.5%; and an operating margin, on a non-GAAP basis, between 17.8% to 18.2%. Our guidance assumes (i) all tariffs currently in place will remain for fiscal 2026, including the Section 232 tariffs, the existing Section 301 tariffs, the new Section 301 tariffs announced on July 23rd, and the latest tariffs between Canada and the United States, (ii) oil prices will remain elevated for the remainder of the year, and (iii) no benefit from tariff refunds or related interest. For fiscal 2026, we expect annual interest income of approximately $25 million and an effective tax rate of approximately 26%, both on a non-GAAP basis. Over the long term, we continue to expect mid-to-high single-digit annual net revenue growth with an operating margin in the mid-to-high teens. CONFERENCE CALL AND WEBCAST INFORMATION

Williams-Sonoma, Inc. will host a live conference call today, August 26, 2026, at 7:00 A.M. (PT). The call will be open to the general public via live webcast and can be accessed at http://ir.williams-sonomainc.com/events. A replay of the webcast will be available at http://ir.williams-sonomainc.com/events.

SEC REGULATION G — NON-GAAP INFORMATION

This press release and our accompanying earnings call include non-GAAP financial measures. Exhibit 1 provides reconciliations of these non-GAAP financial measures to the most comparable financial measures calculated and presented in accordance with accounting principles generally accepted in the U.S. (“GAAP”). We have not provided a reconciliation of non-GAAP measures to the most directly comparable GAAP measures on a forward-looking basis as we cannot do so without unreasonable efforts due to the potential variability and limited visibility of excluded items; these excluded items may include exit costs, reduction-in-force initiatives, impairment, early termination charges and other non-recurring or non-operational income or expenses. For the same reasons, we are unable to address the probable significance of any such excluded items. We believe that these non-GAAP financial measures, when reviewed in conjunction with GAAP financial measures, can provide meaningful supplemental information for investors regarding the performance of our business and facilitate a meaningful evaluation of current period performance on a comparable basis with prior periods. Our management uses these non-GAAP financial measures in order to have comparable financial results to analyze changes in our underlying business from quarter to quarter. In addition, certain other items may be excluded from non-GAAP financial measures when the company believes this provides greater clarity to management and investors. These non-GAAP financial measures should be considered as a supplement to, and not as a substitute for or superior to the GAAP financial measures presented in this press release and our financial statements and other publicly filed reports. Such non-GAAP measures may not be comparable to similarly titled measures used by other companies.

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements that involve risks and uncertainties, as well as assumptions that, if they do not fully materialize or are proven incorrect, could cause our results to differ materially from those expressed or implied by such forward-looking statements. Such forward-looking statements include, among other things, statements in the quotes of our President and Chief Executive Officer, our fiscal year 2026 outlook and long-term financial targets, and statements regarding our industry trends and business strategies.

The risks and uncertainties that could cause our results to differ materially from those expressed or implied by such forward-looking statements include: our ability to provide products that are designed and built for durability and longevity at competitive prices; changes in and the related impact of U.S. (federal, state and local) and international tax laws, trade policies and regulations; our ability to mitigate current and future tariffs; factors, including but not limited to general economic conditions, inflationary pressures, consumer disposable income, rising fuel prices, recession and fears of recession, unemployment, war and fears of war, adverse weather, availability of consumer credit, conditions in the housing market, elevated interest rates, and consumer confidence in current and future economic conditions that can affect consumer spending; the plans, strategies, initiatives and objectives of management for future operations; our ability to execute strategic priorities and growth initiatives; our beliefs about our competitive advantages and areas of potential future growth in the market; the impact of periods of decreased home purchases; our ability to anticipate consumer preferences and buying trends; factors, including but not limited to fuel costs, labor disputes, union organizing activity, geopolitical instability, and acts of terrorism and war, that can affect the global supply chain; effective inventory management; timely and effective sourcing and delivery of merchandise from our suppliers; our ability to respond to the growing use of and to adopt new technologies, including artificial intelligence; our belief in the reasonableness of the steps taken by us and our suppliers to protect the security and confidentiality of the information we collect; multi-channel and multi-brand complexities; our brands, products, retail and related initiatives, including our ability to introduce new products, product lines, brands and brand extensions, and bring in new customers; challenges associated with our global presence and expansion efforts; our ability to control employment, advertising, occupancy, and other operating costs; payment of dividends; our ability to drive long-term sustainable returns; our capital allocation strategy in fiscal 2026; our planned use of cash in fiscal 2026; projections of earnings, revenues, growth and other financial items; and other risks and uncertainties described more fully in our public announcements, reports to stockholders and other documents filed with or furnished to the SEC, including our Annual Report on Form 10-K for the fiscal year ended February 1, 2026 and all subsequent quarterly reports on Form 10-Q and current reports on Form 8-K. We have not filed our Form 10-Q for the quarter ended August 2, 2026. As a result, all financial results described here should be considered preliminary, and are subject to change to reflect any necessary adjustments or changes in accounting estimates that are identified prior to the time we file the Form 10-Q. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we assume no obligation to update these forward-looking statements.

ABOUT WILLIAMS-SONOMA, INC.

Williams-Sonoma, Inc. is the world’s largest digital-first, design-led and sustainable home retailer. The company’s brands — Williams Sonoma, Pottery Barn, Pottery Barn Kids, Pottery Barn Teen, West Elm, Williams Sonoma Home, Rejuvenation, Mark and Graham, GreenRow, and Dormify — represent distinct merchandise strategies that are marketed through e-commerce, direct-mail catalogs, retail stores, and business-to-business. These brands collectively support The Key Rewards, our loyalty and credit card program that offers members exclusive benefits. We operate in the U.S., Puerto Rico, Canada, Australia and the United Kingdom, and have unaffiliated franchisees that operate stores in Mexico, South Korea, India and the Philippines.

WSM-IR

Condensed Consolidated Statements of Earnings (unaudited)

  For the Thirteen Weeks Ended

For the Twenty-six Weeks Ended

August 2, 2026

August 3, 2025

August 2, 2026

August 3, 2025

(In thousands, except per share amounts)

$

% of Net

revenues

$

% of Net

revenues

$

% of Net

revenues

$

% of Net

revenues

Net revenues

$

1,959,757

100.0

%

$

1,836,760

100.0

%

$

3,765,213

100.0

%

$

3,566,873

100.0

%

Cost of goods sold

947,809

48.4

972,137

52.9

1,959,839

52.1

1,936,441

54.3

Gross profit

1,011,948

51.6

864,623

47.1

1,805,374

47.9

1,630,432

45.7

Selling, general and administrative expenses

563,153

28.7

536,564

29.2

1,064,891

28.3

1,011,660

28.4

Operating income

448,795

22.9

328,059

17.9

740,483

19.7

618,772

17.3

Interest income, net

12,412

0.6

9,080

0.5

19,319

0.5

18,613

0.5

Earnings before income taxes

461,207

23.5

337,139

18.4

759,802

20.2

637,385

17.9

Income taxes

123,098

6.3

89,577

4.9

190,331

5.1

158,560

4.4

Net earnings

$

338,109

17.3

%

$

247,562

13.5

%

$

569,471

15.1

%

$

478,825

13.4

%

Earnings per share (EPS):

Basic

$

2.87

$

2.03

$

4.82

$

3.91

Diluted

$

2.84

$

2.00

$

4.77

$

3.86

Shares used in calculation of EPS:

Basic

117,765

122,121

118,075

122,614

Diluted

118,892

123,595

119,375

124,163

2nd Quarter Net Revenues and Comparable Brand Revenue Growth 1

Net revenues

Comparable brand revenue

growth

(In thousands, except percentages)

Q2 26

Q2 25

Q2 26

Q2 25

Pottery Barn

$

770,808

$

724,579

5.1

%

1.1

%

West Elm

496,251

468,550

6.4

3.3

Williams Sonoma 2

268,828

249,053

7.6

5.1

Pottery Barn Kids and Teen

297,438

286,749

3.5

5.3

Other 3

126,432

107,829

N/A

N/A

Total 4

$

1,959,757

$

1,836,760

6.2

%

3.7

%

1 See the Company’s 10-K for the definition of comparable brand revenue, which is calculated on a 13-week basis, and includes business-to-business revenues.

2 Includes Williams Sonoma Home net revenues.

3 Primarily consists of net revenues from Rejuvenation, Mark and Graham, our international franchise operations, GreenRow and Dormify.

4 Total comparable brand revenue growth includes Rejuvenation, Mark and Graham, and GreenRow.

  Condensed Consolidated Balance Sheets (unaudited)

  As of

(In thousands, except per share amounts)

August 2,
2026

February 1,
2026

August 3,
2025

Assets

Current assets

Cash and cash equivalents

$

1,028,936

$

1,019,801

$

985,823

Accounts receivable, net

146,219

126,821

115,509

Merchandise inventories, net

1,447,423

1,462,849

1,433,605

Prepaid expenses

105,583

80,053

100,622

Other current assets

18,385

23,663

19,961

Total current assets

2,746,546

2,713,187

2,655,520

Property and equipment, net

1,121,677

1,095,158

1,029,526

Operating lease right-of-use assets

1,322,644

1,270,272

1,221,792

Deferred income taxes, net

74,433

99,161

95,797

Goodwill

77,369

77,398

77,374

Other long-term assets, net

163,637

156,736

148,359

Total assets

$

5,506,306

$

5,411,912

$

5,228,368

Liabilities and stockholders' equity

Current liabilities

Accounts payable

$

703,822

$

637,985

$

601,661

Accrued expenses

207,857

314,588

202,914

Gift card and other deferred revenue

618,926

602,940

578,192

Income taxes payable

62,098

78,943

74,329

Operating lease liabilities

217,032

221,356

222,572

Other current liabilities

88,843

98,318

86,641

Total current liabilities

1,898,578

1,954,130

1,766,309

Long-term operating lease liabilities

1,310,914

1,235,549

1,171,675

Other long-term liabilities

155,900

139,674

140,688

Total liabilities

3,365,392

3,329,353

3,078,672

Stockholders' equity

Preferred stock: $0.01 par value; 7,500 shares authorized, none issued







Common stock: $0.01 par value; 253,125 shares authorized; 117,779, 118,770, and 121,790 shares issued and outstanding at August 2, 2026, February 1, 2026 and August 3, 2025, respectively

1,178

1,188

1,219

Additional paid-in capital

543,931

587,433

544,244

Retained earnings

1,611,605

1,509,129

1,622,191

Accumulated other comprehensive loss

(14,142

)

(13,176

)

(15,943

)

Treasury stock, at cost

(1,658

)

(2,015

)

(2,015

)

Total stockholders' equity

2,140,914

2,082,559

2,149,696

Total liabilities and stockholders' equity

$

5,506,306

$

5,411,912

$

5,228,368

Retail Store Data
(unaudited)

Beginning of quarter
May 3, 2026

End of quarter
August 2, 2026

As of
August 3, 2025

Openings

Closings

Pottery Barn

180

2

(1

)

181

181

Williams Sonoma

153





153

154

West Elm

116

1



117

119

Pottery Barn Kids

43





43

44

Rejuvenation

13





13

11

GreenRow

1





1



Total

506

3

(1

)

508

509

  Condensed Consolidated Statements of Cash Flows (unaudited)

  For the Twenty-six Weeks Ended

(In thousands)

August 2, 2026

August 3, 2025

Cash flows from operating activities:

Net earnings

$

569,471

$

478,825

Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:

Depreciation and amortization

112,683

113,165

Loss on disposal/impairment of assets

1,108

3,599

Non-cash lease expense

127,380

121,936

Deferred income taxes

12,884

14,658

Tax benefit related to stock-based awards

11,650

11,423

Stock-based compensation expense

61,530

46,974

Other

(898

)

(1,275

)

Changes in:

Accounts receivable

(19,495

)

2,411

Merchandise inventories

15,000

(98,562

)

Prepaid expenses and other assets

(27,704

)

(37,959

)

Accounts payable

49,314

(48,962

)

Accrued expenses and other liabilities

(89,166

)

(78,142

)

Gift card and other deferred revenue

16,197

(7,069

)

Operating lease liabilities

(127,247

)

(125,977

)

Income taxes payable

(16,845

)

6,633

Net cash provided by operating activities

695,862

401,678

Cash flows from investing activities:

Purchases of property and equipment

(116,434

)

(110,293

)

Other

62

(1,195

)

Net cash used in investing activities

(116,372

)

(111,488

)

Cash flows from financing activities:

Repurchases of common stock

(287,805

)

(289,108

)

Payment of dividends

(175,444

)

(155,994

)

Tax withholdings related to stock-based awards

(99,095

)

(67,903

)

Debt issuance costs



(1,187

)

Other

(7,658

)

(6,941

)

Net cash used in financing activities

(570,002

)

(521,133

)

Effect of exchange rates on cash and cash equivalents

(353

)

3,789

Net increase (decrease) in cash and cash equivalents

9,135

(227,154

)

Cash and cash equivalents at beginning of period

1,019,801

1,212,977

Cash and cash equivalents at end of period

$

1,028,936

$

985,823

  Exhibit 1

2nd Quarter GAAP to Non-GAAP Reconciliation
(unaudited)

For the Thirteen Weeks Ended

For the Twenty-six Weeks Ended

August 2, 2026

August 3, 2025

August 2, 2026

August 3, 2025

(In thousands, except per share data)

$

% of Net

revenues

$

% of Net

revenues

$

% of Net revenues

$

% of Net revenues

Gross profit

$

1,011,948

51.6

%

$

864,623

47.1

%

$

1,805,374

47.9

%

$

1,630,432

45.7

%

Tariff refund income1

(167,778

)



(167,778

)



Tariff refund-related vendor concessions2

47,464



47,464



Non-GAAP gross profit

$

891,634

45.5

%

$

864,623

47.1

%

$

1,685,060

44.8

%

$

1,630,432

45.7

%

Selling, general and administrative expenses

$

563,153

28.7

%

$

536,564

29.2

%

$

1,064,891

28.3

%

$

1,011,660

28.4

%

Tariff refund-related employee recognition3

(10,000

)



(10,000

)



Non-GAAP selling, general and administrative expenses

$

553,153

28.2

%

$

536,564

29.2

%

$

1,054,891

28.0

%

$

1,011,660

28.4

%

Operating income

$

448,795

22.9

%

$

328,059

17.9

%

$

740,483

19.7

%

$

618,772

17.3

%

Tariff refund income1

(167,778

)



(167,778

)



Tariff refund-related vendor concessions2

47,464



47,464



Tariff refund-related employee recognition3

10,000



10,000



Non-GAAP operating income

$

338,481

17.3

%

$

328,059

17.9

%

$

630,169

16.7

%

$

618,772

17.3

%

Interest income, net

$

12,412

0.6

%

$

9,080

0.5

%

$

19,319

0.5

%

$

18,613

0.5

%

Interest income on tariff refund4

(6,346

)



(6,346

)



Non-GAAP interest income, net

$

6,066

0.3

%

$

9,080

0.5

%

$

12,973

0.3

%

$

18,613

0.5

%

Earnings before income taxes

$

461,207

23.5

%

$

337,139

18.4

%

$

759,802

20.2

%

$

637,385

17.9

%

Tariff refund income1

(167,778

)



(167,778

)



Tariff refund-related vendor concessions2

47,464



47,464



Tariff refund-related employee recognition3

10,000



10,000



Interest income on tariff refund4

(6,346

)



(6,346

)



Non-GAAP earnings before income taxes

$

344,547

17.6

%

$

337,139

18.4

%

$

643,142

17.1

%

$

637,385

17.9

%

$

Tax rate

$

Tax rate

$

Tax rate

$

Tax rate

Income taxes

$

123,098

26.7

%

$

89,577

26.6

%

$

190,331

25.1

%

$

158,560

24.9

%

Tariff refund income1

(41,428

)



(41,428

)



Tariff refund-related vendor concessions2

11,720



11,720



Tariff refund-related employee recognition3

2,469



2,469



Interest income on tariff refund4

(1,567

)



(1,567

)



Non-GAAP income taxes

$

94,292

27.4

%

$

89,577

26.6

%

$

161,525

25.1

%

$

158,560

24.9

%

Diluted EPS

$

2.84

$

2.00

$

4.77

$

3.86

Tariff refund income1

(1.06

)



(1.06

)



Tariff refund-related vendor concessions2

0.30



0.30



Tariff refund-related employee recognition3

0.06



0.06



Interest income on tariff refund4

(0.04

)



(0.04

)



Non-GAAP diluted EPS5

$

2.10

$

2.00

$

4.03

$

3.86

1 During Q2 2026, we recognized a reduction to cost of goods sold of $167.8 million related to a refund of IEEPA tariffs.

2 During Q2 2026, we recorded a provision of $47.5 million to reimburse certain merchandise vendors that previously provided tariff-related concessions.

3 During Q2 2026, we recorded a one-time tariff-related employee recognition cost of $10.0 million, in the form of a discretionary 401(k) contribution to all eligible employees.

4 During Q2 2026, we recognized interest income of $6.3 million related to interest received on IEEPA tariff refunds.

5 Per share amounts may not sum due to rounding to the nearest cent per diluted share.

SEC Regulation G – Non-GAAP Information

These tables include non-GAAP gross profit, gross margin, selling, general and administrative expense, operating income, operating margin, interest income, earnings before income taxes, income taxes, effective tax rate and diluted EPS. We believe that these non-GAAP financial measures provide meaningful supplemental information for investors regarding the performance of our business and facilitate a meaningful evaluation of our quarterly actual results on a comparable basis with prior periods. Our management uses these non-GAAP financial measures in order to have comparable financial results to analyze changes in our underlying business from quarter to quarter. These non-GAAP financial measures should be considered as a supplement to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP.

More News From Williams-Sonoma, Inc.
2026-08-24 17:18 22d ago
2026-08-24 12:46 22d ago
Williams-Sonoma čeká růst tržeb i EPS ve 2. fiskálním čtvrtletí
WSM Williams-Sonoma
FMP Stock News 72
Original source text
Key Takeaways Williams-Sonoma's Q2 revenues are expected to rise 4.1% year over year to $1.91 billion.Pottery Barn and West Elm are projected to grow revenues 2.3% and 5.4%, respectively.WSM's EPS is expected to increase 2.5% as supply-chain savings and lower costs support margins. Williams-Sonoma, Inc. (WSM - Free Report) is scheduled to release its second-quarter fiscal 2026 results on Aug. 26, before the opening bell.

In the last reported quarter, the company’s earnings and net revenues topped the Zacks Consensus Estimate by 7.2% and 0.1%, respectively. Year over year, the metrics grew 4.3% and 4.4%, respectively.

Williams-Sonoma reported better-than-expected earnings in each of the last four quarters, the average surprise being 7.2%.

How are Estimates Placed for WSM Stock?For the fiscal second quarter, the Zacks Consensus Estimate for earnings per share (EPS) has moved upward to $2.05 from $2.04 over the past 30 days. The estimated figure indicates an improvement of 2.5% from $2.00 per share reported in the year-ago quarter.

The consensus mark for net revenues is pegged at $1.91 billion, indicating year-over-year growth of 4.1% from $1.84 billion.

Factors at Play for Williams-Sonoma’s Q2 ResultsRevenues

Williams-Sonoma’s top-line performance is expected to have improved year over year because of its diversified brand portfolio, strategic collaborations, focus on global expansion and digital upgrades. Moreover, incremental sales trends in furniture and non-furniture business lines, robust performance across its retail and e-commerce channels and integration of AI across digital platforms are expected to have supported growth in the upcoming period.

During the fiscal second quarter, WSM’s Pottery Barn (39.2% of the first quarter of fiscal 2026 net revenues) and West Elm (26.1% of the first quarter of fiscal 2026 net revenues) brands are likely to have gained on the back of refurbished holiday décor items and notable collaborations, alongside expansion in seasonal products and accessories. The home-furnishing company’s namesake brand, Williams-Sonoma (15% of the first quarter of fiscal 2026 net revenues), is expected to have witnessed demand growth across kitchen and related products, with the Pottery Barn Kids and Teen (13.3% of the first quarter of fiscal 2026 net revenues) brand likely to have gained on back-to-school sales.

Although the challenging environment because of continued weakness in the U.S. housing market is concerning, WSM’s in-house capabilities have more than offset these headwinds.

Segment-wise, our Zacks model predicts fiscal second-quarter revenues in the Pottery Barn and West Elm brands to be $741.2 million and $493.7 million, up 2.3% and 5.4%, respectively, from the prior-year quarter level. Revenues for the namesake brand and the Pottery Barn Kids and Teen brand are also expected to be up year over year by 5.8% to $263.4 million and 4.9% to $300.8 million, respectively.

Margins

In the quarter to be reported, Williams-Sonoma’s bottom line and margins are likely to have improved year over year because of supply-chain efficiencies and cost savings. Also, WSM’s efforts in clearing its inventory and minimizing marketing and promotional costs are expected to have aided the metric. However, tariff-related costs and ongoing geopolitical uncertainties are expected to have somewhat restricted the profitability prospects in the fiscal second quarter.

Our model expects selling, general and administrative expenses (as a percentage of net revenues) to contract 40 basis points year over year to 28.8% during the quarter to be reported.

Comps

Favorable impact from diversified product lines, new product introductions and collaborations is expected to have boosted comps growth across all Williams-Sonoma’s key brands.

We expect Pottery Barn’s comps to grow 2.3% year over year. The same inched up 1.1% a year ago and 1% in the previously reported quarter. Our model predicts West Elm’s comps to increase 5.8% year over year in the fiscal second quarter. The metric witnessed a 3.3% increase a year ago, with an 8.5% surge in the last reported quarter.

We expect the namesake brand’s comps to be up 6.1% year over year. The metric witnessed 5.1% growth a year ago and a rise of 5% in the previously reported quarter. Our model expects Pottery Barn Kids and Teen’s comps growth to be 4.9%. The metric witnessed a 5.3% increase a year ago and a rise of 4.5% in the previously reported quarter.

What Our Model Says for Williams-SonomaOur proven model conclusively predicts an earnings beat for Williams-Sonoma this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.

WSM’s Earnings ESP: The company has an Earnings ESP of +3.05%. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.

WSM’s Zacks Rank: The stock currently carries a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.

Other Stocks With the Favorable CombinationsAccording to our model, the following peer companies also possess the right combination of elements to post an earnings beat in the upcoming quarter.

Macy's, Inc. (M - Free Report) has an Earnings ESP of +20.8% and a Zacks Rank of 2 at present.

Macy's reported better-than-expected earnings in each of the trailing four quarters, the average surprise being 211%. The company’s earnings for the second quarter of fiscal 2026 are expected to be down year over year by 9.8%.

Wayfair Inc. (W - Free Report) currently has an Earnings ESP of +2.40% and a Zacks Rank of 3.

Wayfair’s earnings for the third quarter of 2026 are expected to increase 15.7% year over year. The company reported better-than-expected earnings in three of the last four quarters and met on the remaining occasion, the average surprise being 21.5%.

RH (RH - Free Report) currently has an Earnings ESP of +127.49% and a Zacks Rank of 3.

RH reported better-than-expected earnings in one of the trailing four quarters and missed on the remaining three occasions, the average negative surprise being 12.8%. The company’s earnings for the second quarter of fiscal 2026 are expected to decline year over year by 85.7%.
2026-08-20 09:10 27d ago
2026-08-20 03:24 27d ago
Bell & Brown koupila podíl ve společnosti Williams-Sonoma
WSM Williams-Sonoma
FMP Stock News 78
Original source text
Bell & Brown Wealth Advisors LLC bought a new stake in Williams-Sonoma, Inc. (NYSE:WSM – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 28,894 shares of the specialty retailer’s stock, valued at approximately $6,735,000. Williams-Sonoma comprises about 2.0% of Bell & Brown Wealth Advisors LLC’s portfolio, making the stock its 14th biggest position.

Several other hedge funds have also recently added to or reduced their stakes in the company. Strategic Advisory Partners LLC bought a new position in shares of Williams-Sonoma during the second quarter valued at approximately $272,000. Csenge Advisory Group bought a new stake in Williams-Sonoma in the second quarter valued at $407,000. Johnson Financial Group Inc. purchased a new position in Williams-Sonoma during the 2nd quarter valued at $151,000. Tocqueville Asset Management L.P. bought a new position in Williams-Sonoma in the 2nd quarter worth $19,046,000. Finally, Empirical Asset Management LLC bought a new position in Williams-Sonoma in the 2nd quarter worth $803,000. Institutional investors own 99.29% of the company’s stock.

Williams-Sonoma Price Performance Shares of NYSE WSM opened at $242.34 on Thursday. Williams-Sonoma, Inc. has a 1 year low of $165.51 and a 1 year high of $254.89. The stock has a market cap of $28.54 billion, a P/E ratio of 27.14, a price-to-earnings-growth ratio of 2.65 and a beta of 1.50. The firm has a 50-day moving average of $231.71 and a 200 day moving average of $207.33.

Williams-Sonoma (NYSE:WSM – Get Free Report) last announced its quarterly earnings data on Thursday, May 21st. The specialty retailer reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.13. The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Williams-Sonoma had a net margin of 13.81% and a return on equity of 53.29%. The business’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.85 earnings per share. Research analysts expect that Williams-Sonoma, Inc. will post 9.38 earnings per share for the current fiscal year. Williams-Sonoma Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, July 17th will be given a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, July 17th. Williams-Sonoma’s payout ratio is currently 34.04%.

Insider Transactions at Williams-Sonoma In other Williams-Sonoma news, CEO Laura Alber sold 15,000 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $200.00, for a total transaction of $3,000,000.00. Following the sale, the chief executive officer directly owned 923,524 shares in the company, valued at approximately $184,704,800. This trade represents a 1.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Karalyn Yearout sold 1,112 shares of Williams-Sonoma stock in a transaction on Monday, June 15th. The stock was sold at an average price of $228.49, for a total value of $254,080.88. Following the completion of the sale, the executive vice president directly owned 21,717 shares of the company’s stock, valued at approximately $4,962,117.33. The trade was a 4.87% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 18,156 shares of company stock worth $3,738,699. 1.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets A number of equities research analysts have recently weighed in on the stock. Telsey Advisory Group lifted their target price on shares of Williams-Sonoma from $225.00 to $255.00 and gave the company an “outperform” rating in a research note on Thursday, August 13th. Bank of America assumed coverage on shares of Williams-Sonoma in a research note on Friday, June 12th. They issued a “buy” rating and a $250.00 price target for the company. Royal Bank Of Canada lifted their price objective on Williams-Sonoma from $192.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Argus set a $230.00 target price on Williams-Sonoma in a report on Friday, May 29th. Finally, Wells Fargo & Company increased their target price on Williams-Sonoma from $190.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $231.88.

Get Our Latest Analysis on Williams-Sonoma

Williams-Sonoma Profile (Free Report)

Williams‑Sonoma, Inc is a specialty retailer focused on the home and culinary markets, best known for premium cookware, kitchen tools and home furnishings. The company traces its roots to a single cookware store founded by Chuck Williams in 1956 in Sonoma, California, and has evolved into a multi‑brand home furnishings and housewares business. Its merchandise mix spans cookware and kitchen electrics, tabletop and food prep items, furniture, bedding, lighting and decorative accessories designed for both everyday use and higher‑end interiors.

The company operates a portfolio of consumer brands that target distinct segments of the home market.

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