The Container Store Group, Inc. Announces Second Quarter Fiscal 2019 Financial Results
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The Container Store Group (TCS) Misses Q2 EPS by 1c, Revenues Beat; Offers FY19 EPS/Revenue Guidance
October 29, 2019 4:07 PM EDTThe Container Store Group (NYSE: TCS) reported Q2 EPS of $0.08, $0.01 worse than the analyst estimate of $0.09. Revenue for the quarter came in at $236.4 million versus the consensus estimate of $231.99 million.
Consolidated net sales were $236.4 million, up 5.3%. Net sales in The Container Store retail business (TCS) were $221.2 million, up 5.9%. Elfa International AB (Elfa) third-party net sales were $15.2 million, down 2.6% due to foreign currency translation.Comparable store sales increased 5.4%, with Custom Closets up 9.3%, contributing 420 basis points of the increase in comparable store sales, and all other product categories up 2.2% contributing the... More