Container Store Group Inc (TCS) Releases Earnings Results, Reports EPS of $0.20 EPS

Container Store Group Inc (TCS) reported quarterly earnings results on Monday, Apr-25-2016. The company reported $0.20 EPS for the quarter. Analysts had a consensus estimate of $0.20. The company posted revenue of $232.07 million in the period, compared to analysts expectations of $231.59 million. The company’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.

Many Wall Street Analysts have commented on Container Store Group Inc. Barclays Initiated Container Store Group Inc on Mar 31, 2016 to “Equal Weight”, Price Target of the shares are set at $6.

Container Store Group Inc opened for trading at $5.91 and hit $6.34 on the upside on Friday, eventually ending the session at $6.34, with a gain of 6.73% or 0.4 points. The heightened volatility saw the trading volume jump to 2,61,522 shares. Company has a market cap of $304 M.

In a different news, on Jan 11, 2016, Robert E Jordan (director) purchased 15,000 shares at $4.40 per share price. According to the SEC, on Oct 14, 2015, Jodi Taylor (CFO) purchased 5,000 shares at $12.50 per share price. On Jan 29, 2015, Mentzer Per Von (CEO OF ELFA) sold 500 shares at $18.81 per share price, according to the Form-4 filing with the securities and exchange commission.

The Container Store Group Inc. is a specialty retailer of storage and organization products in the United States. The Company is the original storage and organization specialty retailer. The Company operates in two segments: TCS and Elfa. TCS segment consists of its retail stores ebsite and call center. Elfa segment designs and manufactures component-based shelving and drawer systems that are customizable for any area of the home including closets kitchens offices and garages. In the TCS segment all of the Company’s merchandise flows through a centralized distribution center prior to transport to its retail stores. The Company’s Coppell TX distribution center uses a warehouse management system that is designed to optimize distribution operations from picking and packing to slotting and labor management.

Container Store Group Inc

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