Furnishings retailer Williams-Sonoma's Q2 revenue rises more than expected

Williams-Sonoma

26/08/2026 13:10

Overview
U.S. home furnishings retailer's Q2 revenue rose 6.7%, beating analyst expectations
Non-GAAP diluted EPS for Q2 rose 5% to $2.10
Company raised full-year 2026 outlook after market share gains and strong execution

Outlook
Williams-Sonoma raises FY 2026 net revenue growth outlook to 4.7%-7.2%
Company sees FY 2026 comparable brand revenue growth of 4.0%-6.5%
Williams-Sonoma expects FY 2026 non-GAAP operating margin of 17.8%-18.2%

Result Drivers
TARIFF REFUNDS - Co said gross margin benefited from IEEPA tariff refunds, net of vendor concessions
SUPPLY CHAIN EFFICIENCIES - Co said supply chain efficiencies contributed to gross margin improvement
EMPLOYMENT EXPENSE LEVERAGE - Co said SG&A rate improved due to employment expense leverage, net of one-time tariff-related employee recognition cost

Company press release: ID:nBw2vTvVfa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$1.96 bln
$1.93 bln (16 Analysts)
Q2 Net Income
 
$338.11 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 13 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the home furnishings retailers peer group is "buy"
Wall Street's median 12-month price target for Williams-Sonoma Inc is $244.00, about 3.9% above its August 25 closing price of $234.74
The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 19 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)