Williams-Sonoma, Inc. (NYSE:WSM) on Wednesday reported better-than-expected second-quarter 2026 results and raised its full-year outlook.
Net revenue rose 6.7% year over year to $1.96 billion, beating the $1.93 billion estimate. Adjusted diluted earnings increased 5% to $2.10 per share, topping the $2.08 estimate. GAAP diluted earnings jumped 42% to $2.84 per share.
Williams-Sonoma raised its fiscal 2026 comparable revenue growth forecast to 4% to 6.5%. It now expects net revenue to grow 4.7% to 7.2%. The company lifted its sales forecast to $8.17 billion to $8.37 billion from $8.02 billion to $8.33 billion. The midpoint is above the $8.18 billion analyst estimate.
“We delivered a very strong second quarter. In Q2, our comp came in at 6.2%, with total revenue growth of 6.7%, and we drove an operating margin of 17.3% with earnings per share of $2.10. Every brand delivered again in the quarter, driven by strong execution across our brands, our channels, and our team,” said Laura Alber, President and Chief Executive Officer.
Williams-Sonoma shares fell 1.5% to trade at $233.45 on Thursday.
These analysts made changes to their price targets on Williams-Sonoma following earnings announcement.
- Keybanc analyst Bradley B. Thomas maintained the stock with an Overweight rating and raised the price target from $250 to $270.
- Evercore ISI Group analyst Oliver Wintermantel maintained the stock with an In-Line rating and raised the price target from $240 to $245.
- Morgan Stanley analyst Simeon Gutman maintained the stock with an Equal-Weight rating and raised the price target from $210 to $240.
Considering buying WSM stock? Here’s what analysts think:
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