AI English summary of an SEC filing — figures as filed
Williams-Sonoma WSMThe company said net revenues for Q1 of fiscal 2026 rose $75.3 million, or 4.4%. Company comparable brand revenue growth of $78.6 million (4.8%) contributed, while non-comparable brand revenue fell $3.3 million.
Key points
AI summaryThe company said net revenues for Q1 of fiscal 2026 rose $75.3 million, or 4.4%. Company comparable brand revenue growth of $78.6 million (4.8%) contributed, while non-comparable brand revenue fell $3.3 million.
The company said its gross margin for Q1 fell to 44.0% from 44.3% a year earlier, a decline of 30 basis points. It cited a 100 basis points decrease in merchandise margins from the flow-through of tariffs into cost of goods sold as the main driver, partly offset by supply chain efficiencies of 50 basis points and occupancy cost leverage of 20 basis points.
The company said on April 20, 2026 it filed for refunds of previously paid tariffs assessed under the International Emergency Economic Powers Act (IEEPA), totaling $197.8 million. It said that, given the uncertainty over receiving the refunds, it did not record a receivable or a reduction to cost of goods sold as of May 3.
The company said net cash provided by operating activities was $156.3 million for Q1, and cash and cash equivalents were $651.6 million as of May 3. Capital expenditures for the same quarter were $57.7 million, and it spent $373.4 million on stock repurchases and dividends. It had no borrowings under its revolving line of credit.
Key figures
Quarter ended May 3, 2026
- Revenue
- $1.8B
- Operating income
- $292M
- Net income
- $231M
- EPS
- $1.93
- Gross profit
- $793M
- Operating cash flow
- $156M
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
Williams-Sonoma Q1 Net Revenues Rise 4.4% in Fiscal 2026
The company said net revenues for Q1 of fiscal 2026 rose $75.3 million, or 4.4%. Company comparable brand revenue growth of $78.6 million (4.8%) contributed, while non-comparable brand revenue fell $3.3 million.
Source · Based on the MD&A text of the filing
Gross Margin at 44.0% as Tariffs Weigh
The company said its gross margin for Q1 fell to 44.0% from 44.3% a year earlier, a decline of 30 basis points. It cited a 100 basis points decrease in merchandise margins from the flow-through of tariffs into cost of goods sold as the main driver, partly offset by supply chain efficiencies of 50 basis points and occupancy cost leverage of 20 basis points.
Source · Based on the MD&A text of the filing
Williams-Sonoma Files $197.8 million IEEPA Tariff Refund Claim
The company said on April 20, 2026 it filed for refunds of previously paid tariffs assessed under the International Emergency Economic Powers Act (IEEPA), totaling $197.8 million. It said that, given the uncertainty over receiving the refunds, it did not record a receivable or a reduction to cost of goods sold as of May 3.
Source · Based on the MD&A text of the filing
Operating Cash Flow of $156.3 million and Shareholder Returns
The company said net cash provided by operating activities was $156.3 million for Q1, and cash and cash equivalents were $651.6 million as of May 3. Capital expenditures for the same quarter were $57.7 million, and it spent $373.4 million on stock repurchases and dividends. It had no borrowings under its revolving line of credit.
Source · Based on the MD&A text of the filing
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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