WSM Q2 2026 Earnings
Reported Aug 27, 2025 at 9:04 AM ET · SEC Source
Q2 26 EPS
$2.00
BEAT +10.49%
Est. $1.81
Q2 26 Revenue
$1.84B
BEAT +0.48%
Est. $1.83B
vs S&P Since Q2 26
-19.0%
TRAILING MARKET
WSM -8.0% vs S&P +11.1%
Market Reaction
Did WSM Beat Earnings? Q2 2026 Results
Williams-Sonoma delivered a convincing second quarter of fiscal 2025, posting diluted EPS of $2.00 against a consensus estimate of $1.81, a beat of 10.49%, while net revenue climbed 2.7% year over year to $1.84 billion, edging past the $1.83 billion … Read more Williams-Sonoma delivered a convincing second quarter of fiscal 2025, posting diluted EPS of $2.00 against a consensus estimate of $1.81, a beat of 10.49%, while net revenue climbed 2.7% year over year to $1.84 billion, edging past the $1.83 billion Wall Street had anticipated. The standout driver was a broad-based comparable brand recovery, with all four brands posting positive comps for the first time in recent quarters, led by Pottery Barn Kids and Teen at 5.3% and Williams Sonoma at 5.1%, a sharp contrast to the negative comps most brands reported a year ago. Gross margin expanded 220 basis points to 47.1%, reflecting stronger merchandise margins and supply chain efficiencies that helped lift operating margin to 17.9%. Against a cautious market backdrop, management raised its fiscal 2025 comparable revenue guidance to a range of +2.0% to +5.0%, while reiterating operating margin guidance of 17.4% to 17.8%, noting that incremental tariff costs on imports from China, India, and Vietnam remain a meaningful headwind to revenue flow-through.
Key Takeaways
- • Positive comps in both furniture and non-furniture categories
- • Strong performance across retail and e-commerce channels
- • All brands running positive comparable brand revenue growth
- • Higher merchandise margins expanding +190bps
- • Supply chain efficiencies contributing +30bps to gross margin
- • Lower advertising and general expenses reducing SG&A rate
WSM YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
WSM Revenue by Segment
With YoY comparisons, source: SEC Filings
“We are proud to deliver strong results in the second quarter of 2025, driving a comp of +3.7% with all brands again running positive comps. Additionally, we exceeded profitability estimates with an operating margin of 17.9% and earnings per share of $2.00 with earnings growth of nearly +20%. This growing outperformance was driven by positive comps in both furniture and non-furniture, and strong performance in our retail and ecommerce channels; and has allowed us to raise our guidance on the top-line and reiterate our guidance on the bottom-line, despite continued macroeconomic uncertainty and the tariff environment.”
— Laura Alber, Q2 2026 Earnings Press Release
WSM Earnings Trends
WSM vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
WSM EPS Trend
Earnings per share: estimate vs actual
WSM Revenue Trend
Quarterly revenue: estimate vs actual
WSM Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 26 BEAT FY | $2.89 | $3.04 | +5.19% | $2.36B | -2.50% |
| FY Full Year | $8.72 | $8.84 | +1.37% | $7.81B | -0.77% |
| Q3 26 BEAT | $1.87 | $1.96 | +4.61% | $1.88B | +0.92% |
| Q2 26 BEAT | $1.81 | $2.00 | +10.49% | $1.84B | +0.48% |
| Q4 25 FY | — | $3.28 | — | $2.46B | — |
| FY Full Year | — | $8.79 | — | $7.71B | — |