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Williams-Sonoma, Inc. (NYSE:WSM) shares are trading lower on Thursday. The company reported second-quarter adjusted earnings per share of $1.74, beating the analyst consensus of $1.59. Quarterly sales of $1.788 billion missed the street view of $1.811 billion. “In Q2, our comp came in at -3.3%, and we exceeded profitability estimates with an operating margin of 16.2% and earnings per share of $1.74, reflecting the 2-for-1 stock split we completed in July,” said Laura Alber, President and Chief Executive Officer. The gross margin increased by 550 basis points to 46.2% from last year, driven by …

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