What Was Wrong With Willams-Sonoma's Latest Quarterly Beat?

Williams-Sonoma (NYSE: WSM) released reasonably strong fiscal third-quarter 2019 results after market closed on Thursday. But with shares of the home-furnishings retailer falling as much as 5% early Friday before partially recovering to close down 1.9%, it seems apparent Wall Street wasn't pleased.

At first glance, the primary culprit appeared to be a more pronounced decline in comparable-brand sales at Williams-Sonoma's namesake stores. But before we get there, let's zoom in for a better look at how Williams-Sonoma's consolidated revenue and earnings fared relative to the same year-ago period:

Fiscal Q3 2019*

Continue reading

Source Fool.com