# Williams-Sonoma, Inc. (WSM)

> Source: Nexqual · https://nexqual.com/WSM · data as of 2026-10-22 20:03 UTC · cite as "Nexqual, Williams-Sonoma, Inc. (WSM), nexqual.com/WSM" · informational, not investment advice.

**Price:** USD 260.8 (+2.95% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 253.32 · day 252.8–261.09 · 52w 165.51–261.11 · market cap $30.7B · NYQ

## Key facts
- Last four reported quarters (through Aug 2, 2026): revenue $8.01B, net income $1.18B (14.7% margin), free cash flow $1.34B (SEC filings).
- Valuation: P/E 26.1x (avg 19.6x at the last 3 fiscal year-ends).
- Analysts: Buy (mean 2.48 on a 1–5 scale) (23 analysts), mean target USD 248.45 (range 151–286).
- Total return with dividends: 1Y +40.6% vs S&P 500 +14.9%; 5Y +202.2% vs S&P 500 +80.3%.
- Next earnings: 2026-11-18, EPS estimate USD 2.2, revenue estimate $2.00B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $8.25B | $8.67B | $7.75B | $7.71B | $7.81B | $8.01B |
| Gross profit | $3.63B | $3.68B | $3.30B | $3.58B | $3.60B | — |
| Operating income | $1.45B | $1.50B | $1.24B | $1.43B | $1.42B | $1.54B |
| Net income | $1.13B | $1.13B | $950M | $1.13B | $1.09B | $1.18B |
| EPS (diluted) | $7.38 | $8.16 | $7.28 | $8.79 | $8.84 | — |
| Free cash flow | $1.14B | $699M | $1.49B | $1.14B | $1.06B | $1.34B |
| Gross margin | 44.0% | 42.4% | 42.6% | 46.5% | 46.2% | — |
| Operating margin | 17.6% | 17.3% | 16.1% | 18.5% | 18.1% | 19.2% |
| Net margin | 13.7% | 13.0% | 12.3% | 14.6% | 13.9% | 14.7% |
| Revenue growth | +21.6% | +5.2% | -10.6% | -0.5% | +1.2% | — |
| Cash + short-term investments | $850M | $367M | $1.26B | $1.21B | $1.02B | — |
Fiscal years end Feb. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Aug 2, 2026)
P/E 26.1x · P/S 3.8x · P/FCF 22.9x · P/B 14.3x · FCF yield 4.37% · Earnings yield 3.84% · Dividend yield (paid, TTM) 1.09% · Buyback yield (TTM) 2.78%
P/E at fiscal year-ends: Feb 2026 23.3x, Feb 2025 22.1x, Jan 2024 13.3x.

## Analysts
Consensus Buy (mean 2.48 on a 1–5 scale), 23 analysts; mean target USD 248.45 (low 151, high 286).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-20 | Piper Sandler | Target raised | Overweight | $259 → $286 |
| 2026-10-20 | Evercore ISI Group | Target raised | In-Line | $240 → $255 |
| 2026-09-09 | Evercore ISI Group | Target lowered | In-Line | $245 → $240 |
| 2026-09-02 | Argus Research | Target raised | Buy | $230 → $250 |
| 2026-08-27 | Citigroup | Target raised | Neutral | $248 → $252 |
| 2026-08-27 | UBS | Target raised | Neutral | $190 → $247 |
| 2026-08-27 | RBC Capital | Reiterated | Outperform | $260 |
| 2026-08-27 | Guggenheim | Reiterated | Neutral |  |
| 2026-08-27 | Morgan Stanley | Target raised | Equal-Weight | $210 → $240 |
| 2026-08-27 | Evercore ISI Group | Target raised | In-Line | $240 → $245 |
| 2026-08-27 | Keybanc | Target raised | Overweight | $250 → $270 |
| 2026-08-24 | B of A Securities | Target raised | Buy | $250 → $261 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +40.6% | +202.2% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +40.8% | +24.7% |
| Volatility (annualized) | 32.9% | 42.5% |
| Max drawdown | -23.3% (Feb 2026→May 2026) | -49.3% (Nov 2021→May 2022) |

## Peers (Specialty Retail)
ULTA (Ulta Beauty, Inc.) USD 635.01 +4.62% · CASY (Caseys General Stores, Inc.) USD 713.65 +2.66% · BBY (Best Buy Co., Inc.) USD 99.83 +6.07% · TSCO (Tractor Supply Company) USD 34.73 +6.24% · DKS (Dick's Sporting Goods Inc) USD 148.78 +4.80% · GME (GameStop Corporation) USD 25.39 -3.42%

## More
Full page: https://nexqual.com/WSM · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by business segment (quarter ended 2026-08-02)

| Line | Revenue | Share | YoY | Operating income | Op. margin |
|---|---|---|---|---|---|
| Reportable | $1.96B | 100.0% | +6.7% | $448.8M | 22.9% |
| — Pottery Barn (part of Reportable) | $770.8M | 39.3% | +6.4% | — | — |
| — West Elm (part of Reportable) | $496.3M | 25.3% | +5.9% | — | — |
| — Pottery Barn Kids and Teen (part of Reportable) | $297.4M | 15.2% | +3.7% | — | — |
| — Williams Sonoma (part of Reportable) | $268.8M | 13.7% | +7.9% | — | — |
| — Other (part of Reportable) | $126.4M | 6.5% | +17.3% | — | — |
| Total revenue | $1.96B | 100% | — | $448.8M | 22.9% |

## Company outlook (8-K filed 2026-08-26)

- "EX-99.1 2 exhibit991fy2026q2earnings.htm EX-99.1 Document Exhibit 99.1 Williams-Sonoma, Inc. announces strong second quarter 2026 results Q2 comparable brand revenue +6.2% GAAP operating margin of 22.9%; non-GAAP operating margin of 17.3% GAAP diluted EPS of $2.84; non-GAAP diluted EPS of $2.10 Raises full-year 2026 outlook San Francisco, CA, August 26, 2026 – Williams-Sonoma, Inc."
- "As of August 2, 2026, we deferred $29.3 million of the tariff refund income as a reduction of merchandise inventories, which we anticipate recognizing as a reduction to cost of goods sold in the third quarter of fiscal 2026."
- "Such forward-looking statements include, among other things, statements in the quotes of our President and Chief Executive Officer, our fiscal year 2026 outlook and long-term financial targets, and statements regarding our industry trends and business strategies."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-10-31) | $2.20 | $2.13 | +3.4% | $2.00B | 12 |
| Next quarter (ends 2027-01-31) | $3.29 | $3.30 | -0.4% | $2.51B | 12 |
| Current fiscal year (ends 2027-01-31) | $9.89 | $9.38 | +5.4% | $8.27B | 12 |
| Next fiscal year (ends 2028-01-31) | $10.51 | $10.25 | +2.5% | $8.71B | 13 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-18): ±10.3%; last 8 reports averaged ±6.8%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 45.8% | ±10.3% |
| 2026-12-18 | 56 | 41.2% | ±13.0% |
| 2027-01-15 | 84 | 38.4% | ±14.8% |
| 2027-02-19 | 119 | 38.1% | ±17.3% |
| 2027-03-19 | 147 | 39.7% | ±20.1% |
| 2027-05-21 | 210 | 39.2% | ±23.5% |
| 2027-06-17 | 237 | 39.8% | ±25.3% |
| 2027-09-17 | 329 | 40.0% | ±29.8% |