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WILLIAMS SONOMA , INC Exhibit 99.1 Williams - Sonoma , Inc. announces record third quarter results Q3 revenues grow 16.0 % with comparable brand revenue growth of 16.9 % , accelerating 2YR comp of 41.3 % Q3 GAAP operating margin of 16.1 % ; Q3 Non - GAAP operating margin expansion of 60bps to 16.3 % Q3 GAAP diluted EPS of $ 3.29 ; Q3 Non - GAAP diluted EPS of $ 3.32 , increasing 30 % Raises full - year 2021 outlook San Francisco , CA , November 18 , 2021 - Williams - Sonoma , Inc. ( NYSE : WSM ) , the world's largest digital - first , design - led and sustainable home retailer , today announced operating results for the third fiscal quarter ended October 31 , 2021 ( " Q3 21 " ) versus the third fiscal quarter ended November 1 , 2020 ( " Q3 20 " ) . " We are extremely proud to deliver yet another quarter of outperformance with comps of 16.9 % , building to an accelerated two - year stack of 41.3 % , and operating margin expansion of 60 basis points . These results are a function of both ( i ) the advantages of our distinctive positioning in the market and ( ii ) our successful execution against our long - term growth strategies . Furthermore , our performance demonstrates that we can continue to take share in a fractured market , and deliver high - quality , sustainable earnings . As a result , we are raising our full - year outlook to reflect revenue growth of 22 % to 23 % and operating margins of 16.9 % to 17.1 % " said Laura Alber , President and Chief Executive Officer . Alber concluded , " As we enter the fourth quarter , we are seeing strong sales and margins continuing . We are thrilled with our customers ' response to our holiday and gifting assortments , and we are ready to drive an outstanding finish to the year . With our strong results to date , our winning positioning in the industry , and our outperforming growth strategies , we are more confident than ever in the long - term strength of our business . " THIRD QUARTER 2021 • • • • Revenues grow 16.0 % , with strong growth across all brands , including ecommerce accelerating to 67 % of total company revenues Comparable brand revenue growth of 16.9 % , including West Elm at 22.5 % , Pottery Barn at 15.9 % , Pottery Barn Kids and Teen at 16.9 % , and Williams Sonoma accelerating to 7.6 % on top of a 30.4 % last year Accelerating comparable brand revenue growth on a two - year basis at 41.3 % GAAP and non - GAAP gross margin of 43.7 % , expanding 370bps and driven by higher year - over - year merchandise margins as well as occupancy leverage of approximately 90bps ; occupancy costs were $ 183 million • GAAP operating margin of 16.1 % ; non - GAAP operating margin of 16.3 % , leveraging approximately 60bps over last year • GAAP diluted EPS of $ 3.29 ; non - GAAP diluted EPS of $ 3.32 , increasing 30 % over last year . Maintaining strong liquidity position of $ 657 million in cash and over $ 788 million in operating cash flow , enabling the company to repurchase an additional $ 201 million in shares in the third quarter and over $ 650 million year - to - date and to pay over $ 135 million in dividends . 1