$WSM

WILLIAMS SONOMA INC

CIK:0000719955|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 02, 2026	Aug. 03, 2025	Aug. 02, 2026	Aug. 03, 2025
Income Statement [Abstract]
Net revenues	$ 1,959,757	$ 1,836,760	$ 3,765,213	$ 3,566,873
Cost of goods sold	947,809	972,137	1,959,839	1,936,441
Gross profit	1,011,948	864,623	1,805,374	1,630,432
Selling, general and administrative expenses	563,153	536,564	1,064,891	1,011,660
Operating income	448,795	328,059	740,483	618,772
Interest income, net	12,412	9,080	19,319	18,613
Earnings before income taxes	461,207	337,139	759,802	637,385
Income taxes	123,098	89,577	190,331	158,560
Net earnings	$ 338,109	$ 247,562	$ 569,471	$ 478,825
Basic earnings per share (in USD per share)	$ 2.87	$ 2.03	$ 4.82	$ 3.91
Diluted earnings per share (in USD per share)	$ 2.84	$ 2.00	$ 4.77	$ 3.86
Shares used in calculation of earnings per share:
Basic (in shares)	117,765	122,121	118,075	122,614
Diluted (in shares)	118,892	123,595	119,375	124,163

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Aug. 02, 2026	Aug. 03, 2025
Cash flows from operating activities:
Net earnings	$ 569,471	$ 478,825
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:
Depreciation and amortization	112,683	113,165
Loss on disposal/impairment of assets	1,108	3,599
Non-cash lease expense	127,380	121,936
Deferred income taxes	12,884	14,658
Tax benefit related to stock-based awards	11,650	11,423
Stock-based compensation expense	61,530	46,974
Other	(898)	(1,275)
Changes in:
Accounts receivable	(19,495)	2,411
Merchandise inventories	15,000	(98,562)
Prepaid expenses and other assets	(27,704)	(37,959)
Accounts payable	49,314	(48,962)
Accrued expenses and other liabilities	(89,166)	(78,142)
Gift card and other deferred revenue	16,197	(7,069)
Operating lease liabilities	(127,247)	(125,977)
Income taxes payable	(16,845)	6,633
Net cash provided by operating activities	695,862	401,678
Cash flows from investing activities:
Purchases of property and equipment	(116,434)	(110,293)
Other	62	(1,195)
Net cash used in investing activities	(116,372)	(111,488)
Cash flows from financing activities:
Repurchases of common stock	(287,805)	(289,108)
Payment of dividends	(175,444)	(155,994)
Tax withholdings related to stock-based awards	(99,095)	(67,903)
Debt issuance costs	0	(1,187)
Other	(7,658)	(6,941)
Net cash used in financing activities	(570,002)	(521,133)
Effect of exchange rates on cash and cash equivalents	(353)	3,789
Net increase (decrease) in cash and cash equivalents	9,135	(227,154)
Cash and cash equivalents at beginning of period	1,019,801	1,212,977
Cash and cash equivalents at end of period	$ 1,028,936	$ 985,823

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Aug. 02, 2026	Feb. 01, 2026	Aug. 03, 2025
Current assets
Cash and cash equivalents	$ 1,028,936	$ 1,019,801	$ 985,823
Accounts receivable, net	146,219	126,821	115,509
Merchandise inventories, net	1,447,423	1,462,849	1,433,605
Prepaid expenses	105,583	80,053	100,622
Other current assets	18,385	23,663	19,961
Total current assets	2,746,546	2,713,187	2,655,520
Property and equipment, net	1,121,677	1,095,158	1,029,526
Operating lease right-of-use assets	1,322,644	1,270,272	1,221,792
Deferred income taxes, net	74,433	99,161	95,797
Goodwill	77,369	77,398	77,374
Other long-term assets, net	163,637	156,736	148,359
Total assets	5,506,306	5,411,912	5,228,368
Current liabilities
Accounts payable	703,822	637,985	601,661
Accrued expenses	207,857	314,588	202,914
Gift card and other deferred revenue	618,926	602,940	578,192
Income taxes payable	62,098	78,943	74,329
Operating lease liabilities	217,032	221,356	222,572
Other current liabilities	88,843	98,318	86,641
Total current liabilities	1,898,578	1,954,130	1,766,309
Long-term operating lease liabilities	1,310,914	1,235,549	1,171,675
Other long-term liabilities	155,900	139,674	140,688
Total liabilities	3,365,392	3,329,353	3,078,672
Commitments and contingencies – See Note F
Stockholders’ equity
Preferred stock: $0.01 par value; 7,500 shares authorized; none issued	0	0	0
Common stock: $0.01 par value; 253,125 shares authorized; 117,779, 118,770 and 121,790 shares issued and outstanding at August 2, 2026, February 1, 2026 and August 3, 2025, respectively	1,178	1,188	1,219
Additional paid-in capital	543,931	587,433	544,244
Retained earnings	1,611,605	1,509,129	1,622,191
Accumulated other comprehensive loss	(14,142)	(13,176)	(15,943)
Treasury stock, at cost: 11, 14 and 14 shares as of August 2, 2026, February 1, 2026 and August 3, 2025, respectively	(1,658)	(2,015)	(2,015)
Total stockholders’ equity	2,140,914	2,082,559	2,149,696
Total liabilities and stockholders’ equity	$ 5,506,306	$ 5,411,912	$ 5,228,368