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Williams Sonoma (WSM) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed May 28, 2025
Williams Sonoma (WSM) reported revenue of $1.7B for the first quarter fiscal 2026 (Q1 FY26), +4% from a year earlier and -30% from the quarter before. Operating margin was 16.8%, net earnings $231M (13.4% of revenue).
Williams Sonoma, Q1 FY26: revenue $1.7B (+4% year over year), operating margin 16.8%, net earnings $231M, operating cash flow $119M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7B | -30% | +4% |
| Gross profit | $766M | -34% | -4% |
| Operating profit | $291M | -45% | -8% |
| Net earnings | $231M | -44% | -11% |
| Operating cash flow | $119M | -81% | -48% |
| Free cash flow | $60.7M | -89% | -68% |
What changed
Revenue was $1.7B in Q1 FY26, up 4% year over year and down 30% from the previous quarter. Pottery Barn was the largest line at 40% of revenue. Williams Sonoma added $0.02B year over year (up 8%), 28% of the total change.
Gross margin was 44.3%, down 3.6 points from a year earlier. Operating profit was $0.29B, a 16.8% margin (down 2.3 points year over year). Operating profit fell $0.03B even though revenue rose $0.07B versus a year earlier, so costs grew faster than sales. Operating expenses fell 1% while revenue rose 4%. Net earnings were $0.23B, down 11% year over year. The effective tax rate was 23.0%.
Operating cash flow was $0.12B (down 48% year over year), 51% of net earnings. Non-cash charges added back $0.06B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.19B. Capital expenditures of $0.06B left free cash flow of $0.06B.
Questions
What was Williams Sonoma's revenue in the first quarter fiscal 2026?
Williams Sonoma (WSM) reported revenue of $1.7B for the first quarter fiscal 2026 (Q1 FY26), +4% from a year earlier and -30% from the quarter before.
Was Williams Sonoma profitable in the first quarter fiscal 2026?
Operating profit was $291M (16.8% of revenue) and net earnings $231M.
Source: Williams Sonoma 10-Q on SEC EDGAR.