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The Container Store Group (TCS) Misses Q2 EPS by 4c, Slight Miss on Revenues; Reaffirms FY18 EPS/Revenue Outlook
October 30, 2018 4:23 PM EDTThe Container Store Group (NYSE: TCS) reported Q2 EPS of $0.10, $0.04 worse than the analyst estimate of $0.14. Revenue for the quarter came in at $224.5 million versus the consensus estimate of $225.08 million.
Consolidated net sales were $224.5 million, up 2.8%. Net sales in The Container Store retail business (TCS) were $208.9 million, up 3.3%. Elfa International AB (Elfa) third-party net sales were $15.6 million, down 3.1% due to foreign currency translation.Consolidated net income and net income per share (EPS) were $3.2 million and $0.07 compared to net loss of $0.9 million and ($0.02), respectively, in the second quarter of fiscal 2017. Adjusted net income per share... More