The Container Store Group, Inc. (TCS) Reports In-Line Q3 EPS; Guides
The Container Store Group, Inc. (NYSE: TCS) reported Q3 EPS of $0.07, in-line with the analyst estimate of $0.07. Revenue for the quarter came in at $190.9 million versus the consensus estimate of $199.2 million.
Comparable store sales are up 2.7%1 for the fourth quarter-to-date over the same period last year.
The Container Store Group, Inc. sees FY2015 EPS of $0.41-$0.44, versus the consensus of $0.44. The Container Store Group, Inc. sees FY2015 revenue of $785-795 million, versus the consensus of $803.3 million.
“While we are working vigorously to improve our comparable store sales and traffic trend, we’re pleased with many other third quarter key metrics like our stable gross margins, disciplined expense management and our comparable store average ticket increase of almost 2% due to our expertise in solutions-based selling,” said Kip Tindell, Chairman and Chief Executive Officer. “While it’s still early into our ever important Annual elfa® Sale, and there are many selling days that remain, we are particularly encouraged by our fourth quarter-to-date comparable store sales, which include a 6201 basis point improvement over the third quarter. Our fourth quarter-to-date comparable store sales gain consists of both an increase in average ticket and traffic.”
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