Williams Sonoma Q1 revenue +4.4%, margin -30bp on tariffs; $197.8M refund filed but unrecognized

Filed May 22, 2026 · Period ending May 3, 2026 · Compared to 10-Q May 28, 2025 · ~1 min read

Key Changes

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  Filed for $197.8M in tariff refunds under IEEPA in April 2026 but has not recognized any receivable or benefit in Q1 results due to collection uncertainty; will book when receipt becomes probable.

  MD&A: Tariff Refund Filing verify on EDGAR →
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  Gross margin compressed 30bp to 44.0% as tariffs drove 100bp merchandise margin headwind, partially offset by 50bp supply chain gains and 20bp occupancy leverage.

  MD&A: Gross Margin verify on EDGAR →
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  Accelerated share repurchases by $197.8M year-over-year to $287.8M total in Q1, driving cash down from $1.0B to $651.6M despite $156.3M operating cash flow.

  MD&A: Cash Position & Buybacks verify on EDGAR →