Q4 26 EPS
$3.04
BEAT +5.19%
Est. $2.89
Q4 26 Revenue
$2.36B
MISS 2.50%
Est. $2.42B
vs S&P Since Q4 26
-6.7%
TRAILING MARKET
WSM +5.3% vs S&P +12.0%
Full Year 2026 Results
FY 26 EPS
$8.84
BEAT +1.37%
Est. $8.72
FY 26 Revenue
$7.81B
MISS 0.77%
Est. $7.87B
Market Reaction
Did WSM Beat Earnings? Q4 2026 Results
Williams-Sonoma closed out Q4 fiscal 2025 with a split verdict, delivering a meaningful earnings beat while falling slightly short on the top line. The home furnishings retailer posted diluted EPS of $3.04, clearing the $2.89 consensus by 5.19%, but … Read more Williams-Sonoma closed out Q4 fiscal 2025 with a split verdict, delivering a meaningful earnings beat while falling slightly short on the top line. The home furnishings retailer posted diluted EPS of $3.04, clearing the $2.89 consensus by 5.19%, but net revenues of $2.36 billion came in below the $2.42 billion estimate, with the year-over-year decline of 4.3% partly explained by the quarter running 13 weeks versus 14 in the prior-year period. On an apples-to-apples 13-week basis, comparable brand revenue actually grew 3.2%, with Williams Sonoma and West Elm leading the way while Pottery Barn lagged. Gross margin pressure from lower merchandise margins and occupancy deleverage weighed on profitability, though supply chain efficiencies offered a partial offset. Management noted that rising inventory levels reflect roughly $80 million in incremental tariff costs, a theme expected to front-load pressure into the first half of fiscal 2026. Looking ahead, the company guided for revenue growth of 2.7% to 6.7% and an operating margin between 17.5% and 18.1%, while also raising its quarterly dividend 15% to $0.76 per share.
Key Takeaways
- • Comparable brand revenue growth of +3.2% in Q4 and +3.5% for fiscal year
- • Supply chain efficiencies contributing +50bps to gross margin
- • Favorable physical inventory results contributing +160bps to Q4 gross margin
- • Strong consumer demand for distinctive products and brands
- • Lower SG&A dollars year-over-year despite rate deleverage
- • Williams Sonoma brand comparable growth of 7.2% in Q4
WSM YoY Financials
Q4 2026 vs Q4 2025, source: SEC Filings
WSM Revenue by Segment
With YoY comparisons, source: SEC Filings
“We are proud of our strong finish to 2025. In Q4, our comp came in at +3.2%, and we delivered an operating margin of 20.3% with earnings per share of $3.04. Normalizing for the 53rd week last year and the tariff impact this year, we delivered substantial operating margin improvement versus last year. As we look forward to 2026 and beyond, we are confident in our competitive advantages that have allowed us to take market share, and our focus is on widening that advantage.”
— Laura Alber, Q4 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
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 27 | — | $1.93 | — | $1.81B | +0.45% |
| 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 | — |