Williams-Sonoma (WSM) reported Q4 comparable brand revenue growth of 3.2% and $3.04 EPS. The company raised its quarterly dividend by 15% while gaining market share.
Trump administration delays furniture tariff increases until 2027. Wayfair, Williams-Sonoma, and RH shares rise as upholstered furniture stays at 25% instead of 30%, cabinets at 25% vs. 50%.
President Trump is hitting imports with massive new tariffs starting October 1st, targeting branded drugs (100%), heavy trucks (25%), and furniture.
Trump launched a "major" furniture tariff probe to boost U.S. manufacturing. Shares of import-heavy retailers (Wayfair, RH, Williams-Sonoma) fell, while U.S. makers (Ethan Allen, La-Z-Boy) rose. Industry opposes, citing no national security link and harm to U.S. jobs. Consumer prices are already up.
