Earnings Call
May 21, 2026
Q2 FY2025
EPS Estimate
1.80
EPS Actual
2.00
Post-Earnings Close
$191.94
Earnings Reaction
+6.5%
Williams-Sonoma posted a clean beat on both lines in its fiscal Q2 2025 report, with comparable brand revenue growth of 3.7%, above the high end of internal expectations, and EPS of $2.00, representing nearly 20% year-over-year earnings growth. Net revenue came in at $1.84 billion. Operating margin of 17.9% was 240 basis points above the prior year, driven by 220 basis points of gross margin expansion, with merchandise margins accounting for 190 basis points of that improvement through a combination of select price increases and higher full-price selling. SG&A leveraged modestly, with advertising efficiency a standout, the in-house marketing team drove stronger customer engagement with less spend. The quarter marks the second consecutive period of broad-based positive comps across all brands, all channels, and both furniture and non-furniture categories, a combination that had been elusive through much of the post-pandemic normalization.
Report generated on May 21, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
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