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Williams-Sonoma 8-K Report, Financial Results (Mar 18, 2026)

Reports
Earnings & Results·Other Events·Exhibits & Filings
Filing Date
Filed March 18, 2026
Period End
March 18, 2026
Security
WSM
In the record · 2016–202610-K1110-Q328-K84

WSM filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 84 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Jan ’18Jan ’18
  2. Material agreement8-K · May ’20May ’20
  3. Leadership change8-K · Jul ’22Jul ’22
  4. Leadership change8-K · Aug ’24Aug ’24

01—Abstract

Summary

Summary of the 8-K filed March 18, 2026. Cited figures are marked; the original filing is the authoritative source.

Williams-Sonoma, Inc. (NYSE: WSM) reported results for its fourth quarter and fiscal year 2025, ended February 1, 2026, in a press release furnished under Item 2.02 (Exhibit 99.1).

Fourth-quarter net revenues were $2.36 billiona, with comparable brand revenue up 3.2%, operating income of $477.8 million (20.3% operating margin) and diluted EPS of $3.04. For the full fiscal year, net revenues were $7.81 billion, comparable brand revenue rose 3.5%, operating income was $1.42 billion (18.1% operating margin) and record diluted EPS was $8.84. The company's fourth quarter included 13 weeks versus 14 weeks in the prior-year period, and the filing notes that the additional week contributed -60bps to Q4 operating margin.

The company provided fiscal 2026 guidance of net revenue growth of +2.7% to +6.7%, comparable growth of +2.0% to +6.0%, and an operating margin of 17.5% to 18.1%. The guidance excludes any refund of IEEPA tariffs paid, assumes current tariff rates remain in place, and expects tariff impacts to be front-loaded in the first half of fiscal 2026. The company also reported fiscal 2025 cash flow from operations of $1.31 billionb, $854 million in share repurchases and $316 million in dividends, with $1.3 billion remaining under its repurchase authorization.

Separately, under Item 8.01 (Exhibit 99.2), the Board authorized a 15% increase in the quarterly cash dividend to $0.76c per share, payable May 22, 2026, to holders of record as of April 17, 2026. The company noted this is its seventeenth consecutive year of increased dividend payouts. The company states that its 10-K for fiscal 2025 has not yet been filed, so the reported results are preliminary and subject to change.

02—Key points

Key Highlights

  1. Q4 fiscal 2025 comparable brand revenue rose 3.2%, with net revenues of $2.36 billion versus $2.46 billion in the prior-year 14-week quarter.
  2. Q4 operating margin was 20.3%, down from 21.5%, and diluted EPS was $3.04 versus $3.28; the filing cites lower merchandise margins and occupancy deleverage, partially offset by favorable physical inventory results.
  3. Fiscal 2025 record diluted EPS of $8.84 on net revenues of $7.81 billion and operating income of $1.42 billion (18.1% operating margin).
  4. Fiscal 2026 guidance: net revenue growth of +2.7% to +6.7%, comparable growth of +2.0% to +6.0%, and operating margin of 17.5% to 18.1%, with tariff impacts front-loaded in the first half.
  5. Quarterly cash dividend increased 15% to $0.76 per share, payable May 22, 2026, the seventeenth consecutive year of dividend increases.
  6. Fiscal 2025 shareholder returns included $854 million in stock repurchases and $316 million in dividends, with $1.3 billion remaining under the repurchase authorization.
  7. The company has not yet filed its fiscal 2025 Form 10-K, so the reported results are preliminary and subject to change.

03—Questions

Frequently Asked Questions

  1. How did Williams-Sonoma perform in the fourth quarter of fiscal 2025?

    Net revenues were $2.36 billion, comparable brand revenue rose 3.2%, operating income was $477.8 million with a 20.3% operating margin, and diluted EPS was $3.04. The quarter had 13 weeks compared with 14 weeks in the prior-year period.

  2. What is the company's outlook for fiscal 2026?

    The company expects net revenues to grow between +2.7% and +6.7%, comparable growth of +2.0% to +6.0%, and an operating margin between 17.5% and 18.1%. Guidance assumes current tariff rates remain in place, that no IEEPA tariff refund is received, and that Section 122 tariffs are replaced at a similar rate after they expire in July 2026.

  3. How large is the dividend increase and when is it payable?

    The Board authorized a 15% increase in the quarterly cash dividend to $0.76 per share. It is payable May 22, 2026, to stockholders of record as of the close of business on April 17, 2026.

  4. How much did the company return to shareholders in fiscal 2025?

    The company returned nearly $1.2 billion, comprising $854 million in stock repurchases and $316 million in dividends. It had $1.3 billion remaining under its stock repurchase authorization.

  5. Are the reported results final?

    No. The company has not yet filed its Form 10-K for fiscal 2025, and it states that the results are preliminary and subject to change to reflect any necessary adjustments or changes in accounting estimates identified before that filing.

04—Continue

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