The Container Store Group, Inc. Announces Preliminary Unaudited Selected Financial Results for Fourth Quarter and Fiscal Year 2019

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Go back to The Container Store Group, Inc. Announces Preliminary Unaudited Selected Financial Results for Fourth Quarter and Fiscal Year 2019

The Container Store Group (TCS) Reports Q4 Revenues Miss

May 12, 2020 4:16 PM EDT

The Container Store Group (NYSE: TCS) reported Q4 revenue for the quarter came in at $241.3 million versus the consensus estimate of $249.95 million.

Preliminary Unaudited Fourth Quarter and Full Year Fiscal 2019 Results

For the fourth quarter (thirteen weeks) ended March 28, 2020:

The Companys consolidated net sales are estimated to be $241.3 million, down 4.7% compared to the fourth quarter of fiscal 2018, due primarily to the impact of COVID-19. Net sales in The Container Store retail business (TCS) are estimated to be $224.1 million, down approximately 4.9%. Elfa International AB (Elfa) third-party net sales are estimated to be $17.3 million, down... More