Williams Sonoma posts record EPS despite tariff headwinds; Supreme Court ruling creates refund uncertainty

Filed March 26, 2026 · Period ending February 1, 2026 · Compared to 10-K Mar 27, 2025 · ~2 min read

Key Changes

• high

  Supreme Court invalidated certain tariffs under IEEPA in Feb 2026, but President re-imposed them under different authority for 150 days. Company assessing potential refunds for previously-paid tariffs; outcome uncertain and subject to litigation.

  MD&A: Subsequent Events verify on EDGAR →
• high

  Tariffs flowed through to cost of goods sold in fiscal 2025, compressing gross margin by 40 basis points despite mitigation efforts. Company delivered record EPS of $8.84 through operational discipline and supply chain efficiencies.

  MD&A: Gross Margin verify on EDGAR →
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  Company comp growth returned to positive 3.5% (vs -1.6% prior year), driven by 6.4% retail comp and 2.2% e-commerce comp. Pottery Barn stabilized at +0.4% after -6.2% decline; Williams Sonoma brand accelerated to +6.9%.

  MD&A: Revenue Performance verify on EDGAR →