Williams-Sonoma Q2 profit jumps 42% on $197.8M tariff refund; underlying margins weaken

Filed August 28, 2026 · Period ending August 2, 2026 · Compared to 10-Q Aug 29, 2025 · ~1 min read

Key Changes

• high

  Diluted EPS rose 42% to $2.84, boosted by a one-time $197.8M IEEPA tariff refund that added $1.06 per share, while underlying merchandise margins fell 230bps on tariff flow-through.

  MD&A: Q2 results verify on EDGAR →
• high

  Revenue grew 6.7% to $1.96B, with comparable brand revenue up 6.2% and e-commerce outpacing retail; Pottery Barn comp accelerated to 5.1% from 1.1%.

  MD&A: Revenue verify on EDGAR →
• high

  Operating cash flow surged to $695.9M in H1 FY26 from $401.7M, driven by $200.2M of tariff refund cash collections.

  MD&A: Cash flow verify on EDGAR →