Williams-Sonoma Q2 FY2026: revenue up 6.7%, full-year outlook raised
Williams-Sonoma's second quarter of fiscal 2026 was strong underneath the noise: revenue rose 6.7% to $1.96 billion, comparable brand revenue grew 6.2%, and management raised full-year guidance. The catch is the GAAP numbers are flattered by a one-time $167.8 million IEEPA tariff refund, so the cleaner read is non-GAAP EPS of $2.10 and a 17.3% operating margin. Our view: Bullish, with an earnings-quality caveat.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS was $2.84, up 42.0% year over year, but non-GAAP EPS was $2.10, up just 5.0%. The difference is the tariff refund: $1.06 per share of refund income, partly given back through $0.30 of vendor reimbursements, $0.06 of employee 401(k) cost and $0.04 of related interest. Judge the quarter on $2.10.
Revenue of $1.96 billion rose 6.7% from $1.84 billion a year ago, and comparable brand revenue grew 6.2%. Every brand grew: Williams Sonoma +7.6%, West Elm +6.4%, Pottery Barn +5.1% and Pottery Barn Kids and Teen +3.5%. That breadth is worth more than the headline growth rate.
Log in to read 5 analyses a week for free
Create a free account to read 5 full earnings analyses each week — all five steps: expected vs. actual, guidance tracker, money flow, balance sheet and risks. Members get unlimited access.
Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
Answers are based on the earnings release and the analysis above. Free accounts get 3 questions a week; members get 30 a day.