The Container Store Group, Inc. Announces First Quarter 2015 Financial Results

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Go back to The Container Store Group, Inc. Announces First Quarter 2015 Financial Results

The Container Store Group, Inc. (TCS) Tops Q1 EPS by 2c, Offers FY15 Guidance

July 7, 2015 4:08 PM EDT

The Container Store Group, Inc. (NYSE: TCS) reported Q1 EPS of ($0.11), $0.02 better than the analyst estimate of ($0.13). Revenue for the quarter came in at $169.8 million versus the consensus estimate of $173.56 million.

Company comparable store sales for the first quarter of fiscal 2015 were down 0.9% compared to first quarter of fiscal 2014, exceeding the Companys stated outlook for the first quarter of down 3% to 4%.

Our first quarter financial performance exceeded our expectations, as we delivered better than forecasted comparable store sales and improved gross margin, said Kip Tindell, Chairman and Chief Executive Officer. The implementation of our... More