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The Container Store Group (TCS) Tops Q2 EPS by 7c, Beats on Revenues; Boosts FY EPS/Revenue Outlook

November 7, 2017 4:11 PM

The Container Store Group (NYSE: TCS) reported Q2 EPS of $0.12, $0.07 better than the analyst estimate of $0.05. Revenue for the quarter came in at $218.4 million versus the consensus estimate of $216.95 million.

Outlook

The Company is increasing its net sales, comparable store sales, and adjusted net income per common share outlook for fiscal 2017. Net income per common share is being reduced due to $0.01 to $0.02 of costs expected to be incurred as a result of an approval of a plan in the second fiscal quarter to close an Elfa manufacturing facility by December 31, 2017.

GUIDANCE:

The Container Store Group sees FY2017 EPS of $0.30-$0.41, versus the consensus of $0.33. The Container Store Group sees FY2017 revenue of $845-865 million, versus the consensus of $849.17 million.

For earnings history and earnings-related data on The Container Store Group (TCS) click here.

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