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The Container Store Group (TCS) Tops Q4 EPS by 14c, Revenues Beat; Offers 1Q EPS Guidance Above Consensus

May 18, 2021 4:07 PM

The Container Store Group (NYSE: TCS) reported Q4 EPS of $0.71, $0.14 better than the analyst estimate of $0.57. Revenue for the quarter came in at $314.7 million versus the consensus estimate of $295.19 million.

For the fourth quarter of fiscal 2020:

Satish Malhotra, Chief Executive Officer commented, “I am very proud of our team’s accomplishments in fiscal 2020 underscored by outstanding fourth quarter performance driven by broad-based product and channel demand. I want to thank all of our teams for their hard work and dedication in driving these results despite the difficult environment created by the COVID-19 pandemic this fiscal year. In addition, these results could not have been possible without the steady leadership and resolve of my predecessor, Melissa Reiff.”

Mr. Malhotra continued, “As we look to fiscal 2021 and the next chapter for The Container Store, we have developed our strategic priorities and supporting initiatives to make this great company the best version of itself. We will strive to deepen our relationship with our customers, expand our reach, and strengthen our capabilities through continuous improvement and by being an employer of choice. All while championing the enriching benefits of living an organized life. The addressable market is substantial and our solid foundation, combined with our focused strategic priorities, positions us well to capitalize on the many opportunities we see for our business and our brand.”

GUIDANCE:

The Container Store Group sees Q1 2021 EPS of $0.08-$0.09, versus the consensus of $0.03.

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

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