Williams-Sonoma Q1 revenue beats estimates

Williams-Sonoma

21/05/2026 14:11

Overview

US home retailer's Q1 revenue rose, beating analyst expectations

Q1 diluted EPS increased year-over-year

Company reiterated full-year outlook and returned $373 mln to shareholders via buybacks and dividends

Outlook

Williams-Sonoma reiterates fiscal 2026 guidance for net revenue growth of 2.7% to 6.7%

Company expects fiscal 2026 operating margin between 17.5% and 18.1%

Result Drivers

PORTFOLIO AND CHANNEL STRENGTH - Co said positive comparable brand revenue growth was driven by strength of its portfolio, channels, and teams

MERCHANDISE MARGIN PRESSURE - Gross margin declined due to lower merchandise margins, partially offset by supply chain efficiencies and occupancy leverage

TARIFF IMPACT - Merchandise inventories increased, including incremental tariff costs, with tariff impact expected to be front-loaded in first half of fiscal 2026

Company press release: ID:nBw5cfLYka

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$1.81 bln
$1.79 bln (16 Analysts)
Q1 Net Income
$231.36 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 13 "hold" and 1 "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 $200.00, about 11% above its May 20 closing price of $180.25

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 22 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)