The Container Store Group, Inc. Announces Third Quarter Fiscal 2019 Financial Results
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The Container Store Group (TCS) Reports In-Line Q3 EPS, Revenues Miss, Comp. Sales Up 3%; Offers FY19 EPS/Revenue Outlook
February 4, 2020 4:17 PM ESTThe Container Store Group (NYSE: TCS) reported Q3 EPS of $0.05, in-line with the analyst estimate of $0.05. Revenue for the quarter came in at $228.7 million versus the consensus estimate of $229.02 million.
Consolidated net sales were $228.7 million, up 3.2%. Net sales in The Container Store retail business (TCS) were $212.0 million, up 3.5%. Elfa International AB (Elfa) third-party net sales were $16.7 million, consistent with the prior year period, however, excluding the impact of foreign currency translation, Elfa third-party sales were up 6.6%.Comparable store sales increased 3.0%, with Custom Closets up 10.2%, contributing 420 basis points of the increase in comparable... More