Williams-Sonoma, Inc. · WSM · Next earnings

Williams-Sonoma, Inc. reports Wednesday, Nov 18, 2026

WSM reports before market open with consensus EPS at $2.16 and revenue at $2.00B. Last quarter: Williams-Sonoma Q1 FY26: Broad Comp Growth, Margin Resilience, Dormify Launch

Reports Before market open59 days awayDate estimated Consumer Cyclical

What the street expects

Consensus for the coming report
Consensus EPS $2.16 Calendar consensus
Consensus revenue $2.00B Calendar consensus
Report date Nov 18, 2026 Wednesday, date estimated
Session Before market open 59 days away

Where WSM left off: FY2026 Q1

Full report

Williams-Sonoma Q1 FY26: Broad Comp Growth, Margin Resilience, Dormify Launch

EPS surprise +6.6% Reported $1.93 vs $1.81
Revenue surprise +0.4% Reported $1.81B vs $1.80B
Stock move +6.5% Event window
Subsequent drift +17.8% Up to 20 sessions

FY2026 guidance was maintained — unchanged from the initial outlook issued with Q4 FY2025 results. Management reaffirmed brand revenue comp growth of 2%–6% (midpoint 4%) and an operating margin range of 17.5%–18.1% (midpoint 17.8%). Capex remains approximately $275 million with an increasing trajectory, directed at e-commerce, retail, and supply-chain investments. No guidance was revised despite acknowledged tariff and fuel cost headwinds, reflecting management's confidence in offsetting cost pressures through supply-chain efficiency, AI-driven productivity, and brand pricing power.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Potential escalation of oil and freight costs pressuring logistics expenses
  • Ongoing tariff exposure and uncertainty around timing of potential tariff refunds
  • Geopolitical volatility, housing market softness, and rising interest rates dampening demand
  • Merchandise margin pressure from higher cost inputs including tariffs and fuel
  • Need to balance necessary price increases with consumer price sensitivity

Questions analysts left open

  • Whether consumer spending patterns are shifting across income cohorts
  • Impact of persistent inflation on the company's pricing strategy
  • Timing and magnitude of tariff impacts throughout the fiscal year
  • Sustainability of comp acceleration and potential margin pressure
  • Effectiveness of shrink accruals and inventory management practices

Ask FN2 about WSM next report

Transcript, numbers and history already loaded
What should I watch for in WSM's next earnings report?How did WSM guide last quarter, and is consensus above or below that?Give me the bull and bear case going into WSM earnings.

Free account. Your question opens in FN2 with this report's transcript and numbers attached.

Get the WSM recap when the next report posts

One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.

Recent WSM quarters

All WSM earnings
+6.5%FY2026 Q1

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q1

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.