The Container Store Group, Inc. Announces Third Quarter Fiscal 2020 Financial Results
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The Container Store Group (TCS) Tops Q3 EPS by 9c, Revenues Beat; Offers 4Q & FY21 EPS Guidance Above Consensus
February 2, 2021 4:15 PM ESTThe Container Store Group (NYSE: TCS) reported Q3 EPS of $0.42, $0.09 better than the analyst estimate of $0.33. Revenue for the quarter came in at $275.5 million versus the consensus estimate of $262.16 million.
Consolidated net sales were $275.5 million, up 20.5%. Net sales in The Container Store retail business (TCS) were $256.5 million, up 21.0%, inclusive of the 19.5% increase in Custom Closets. Online sales increased 98.1% in the third quarter of fiscal 2020. Elfa International AB (Elfa) third-party net sales were $19.0 million, up 13.5% compared to the third quarter of fiscal 2019; excluding the impact of foreign currency translation, Elfa third-party net sales were up... More