WSM Williams-Sonoma, Inc.

$WSM $RH $W I never seen a stock like WSM before. It goes up every single day. Never seen anything like it. Furniture company trading at a 30 PE. It’s insanity.

I looked at the business behind $WSM (WILLIAMS SONOMA INC) for you. Based on financial data and reported results. #WSM

Jim Cramer's top 10 things to watch in the stock market Thursday $wsm Multiple price target boosts for Williams-Sonoma after yesterday’s beat-and-raise. Evercore went to $245 from $240, but kept its hold rating. More bullish analysts at BofA raised to $263 from $261. The retailer, which also owns Pottery Barn and West Elm, has been a great performer this year, up 33%. CEO Laura Alber told me last night that the pleasant experience of shopping in its stores is critical to its success. They gave some tariff refunds back to vendors. Some went to special 401(k) contributions for eligible employees. https://www.cnbc.com/2026/08/27/jim-cramers-top-10-things-to-watch-in-the-stock-market-thursday.html?__source=iosappshare%7Ccom.stocktwits.StockTwits.STShareExtension

$WSM earnings looked decent, thought we would bounce at open. Seeing what the close looks like

$WSM Q2 '27 Earnings Results & Recap • Reported GAAP EPS of $2.10 up 5.00% YoY • Reported revenue of $1.96B up 6.70% YoY • Williams-Sonoma, Inc. expects fiscal 2026 annual net revenues in the range of +4.7% to +7.2%, with comps in the range of +4.0% to +6.5% and non-GAAP operating margin between 17.8% to 18.2%.

$WSM | WILLIAMS-SONOMA, INC. Q2 2026 EARNINGS HIGHLIGHTS ◆ EPS: $2.10 vs. $2.08 est. ✅ ◆ Revenue: $1.96B vs. $1.93B est. ✅ ◆ Net Income: $338.1M (+36.6% YoY) ◆ Operating Income: $448.8M (+36.8% YoY) ◆ Operating Expenses: $563.2M (+4.9% YoY) ◆ H1 Operating Cash Flow: $695.9M (+73.3% YoY) Segment Performance: ◆ Pottery Barn: $770.8M (+6.5% YoY) ◆ West Elm: $496.3M (+5.9% YoY) ◆ Pottery Barn Kids & Teen: $297.4M (+3.7% YoY) ◆ Williams Sonoma: $268.8M (+7.9% YoY) Key Metrics: ◆ IEEPA tariff refunds of $167.8M reduced COGS in Q2 2026, boosting GAAP gross margin by +610bps versus prior year. ◆ Non-GAAP gross margin fell 160bps to 45.5% as tariff costs drove lower merchandise margins of -230bps. ◆ Merchandise inventories rose 1.0% YoY to $1.45B, net of $29.3M deferred tariff refund income reducing inventory. Forward Guidance: ◆ FY2026 net revenue growth raised to +4.7% to +7.2% (was lower); comps in range of +4.0% to +6.5% ◆ FY2026 non-GAAP operating margin raised to 17.8% to 18.2% ◆ FY2026 annual interest income expected at approximately $25M (non-GAAP basis) ◆ FY2026 effective tax rate expected at approximately 26% (non-GAAP basis)

$WSM Williams-Sonoma this morning. It has a great earnings surprise track record. I'm expecting another beat even with housing in a recession.