The Container Store Group, Inc. Announces Fourth Quarter and Full Fiscal Year 2018 Financial Results
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The Container Store Group (TCS) Tops Q4 EPS by 3c, Revenues Beat; Offers FY19 EPS/Revenue Guidance Above Consensus
May 14, 2019 4:07 PM EDTThe Container Store Group (NYSE: TCS) reported Q4 EPS of $0.33, $0.03 better than the analyst estimate of $0.30. Revenue for the quarter came in at $253.2 million versus the consensus estimate of $244.4 million.
Consolidated net sales were $253.2 million, up 8.8%. Net sales in The Container Store retail business (TCS) were $235.7 million, up 10.1%. Elfa International AB (Elfa) third-party net sales were $17.5 million, down 6.4% due to foreign currency translation.Comparable store sales increased 8.5%, with Custom Closets up 7.4%, contributing 380 basis points of the increase to comparable store sales.Consolidated net income and net income per share (EPS) were $15.9... More