Q1 27 EPS
$1.93
Q1 27 Revenue
$1.81B
BEAT +0.45%
Est. $1.80B
vs S&P Since Q1 27
+16.2%
BEATING MARKET
WSM +15.3% vs S&P -0.9%
Market Reaction
Did WSM Beat Earnings? Q1 2027 Results
Williams-Sonoma posted a stronger-than-expected first quarter for fiscal 2027, delivering diluted EPS of $1.93 against a consensus estimate of $1.80, a 7.20% beat, while revenue of $1.81 billion edged past expectations by 0.45% and grew 4.3% year ove… Read more Williams-Sonoma posted a stronger-than-expected first quarter for fiscal 2027, delivering diluted EPS of $1.93 against a consensus estimate of $1.80, a 7.20% beat, while revenue of $1.81 billion edged past expectations by 0.45% and grew 4.3% year over year. The results were driven by broad-based brand momentum, with comparable brand revenue rising 4.8% across every nameplate; West Elm led the way with 8.5% comp growth and $471.17 million in net revenues, while the Williams-Sonoma brand and Pottery Barn Kids and Teen contributed 5.0% and 4.5% gains, respectively. Gross margin came in at 44.0%, down 30 basis points, as front-loaded tariff costs pressured merchandise margins by 100 basis points, partially offset by supply chain and occupancy efficiencies. Operating margin contracted 60 basis points to 16.2%, though share buybacks helped lift EPS 4.3% year over year. The company reaffirmed its fiscal 2026 outlook, projecting net revenue growth of 2.7% to 6.7% and an operating margin of 17.5% to 18.1%, with current tariff rates assumed to remain in place for the full year.
Key Takeaways
- • All brands delivered positive comparable brand revenue growth in Q1
- • West Elm led with 8.5% comparable brand revenue growth
- • Supply chain efficiencies contributed +50bps to gross margin
- • Occupancy leverage contributed +20bps to gross margin
- • Advertising expense leverage of -10bps improved SG&A efficiency
- • Share repurchase activity reduced diluted share count, supporting EPS growth of 4.3%
WSM Forward Guidance & Outlook
Williams-Sonoma reiterated its fiscal 2026 and long-term guidance. For fiscal 2026, the company expects annual net revenues in the range of +2.7% to +6.7%, with comparable brand revenue growth of +2.0% to +6.0%, and an operating margin between 17.5% and 18.1%. Guidance assumes elevated oil prices for the full year, no refund of tariffs paid, front-loaded tariff impact in the first half as tariffs flow through weighted average COGS, and all current tariff rates (Section 232, Section 301, and Section 122) remaining in place for the full year. Annual interest income is expected to be approximately $25 million and the effective tax rate approximately 25.5%. Over the long term, the company continues to expect mid-to-high single-digit annual net revenue growth with an operating margin in the mid-to-high teens.
WSM YoY Financials
Q1 2027 vs Q1 2026, source: SEC Filings
WSM Revenue by Segment
With YoY comparisons, source: SEC Filings
“We are off to a strong start in 2026. In Q1, our comp came in at 4.8%, and we delivered an operating margin of 16.2% with earnings per share of $1.93. Every brand delivered a positive comp in the quarter, driven by the strength of our portfolio, our channels, and our teams.”
— Laura Alber, Q1 2027 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 | — |