Container Store Group Inc (TCS) Releases Earnings Results, Beats Expectations By $0.06 EPS

Container Store Group Inc (TCS) reported quarterly earnings results on Tuesday, Aug-9-2016. The company said it had a profit of $-0.04 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $-0.10. The company posted revenue of $177.40 million in the period, compared to analysts expectations of $178.60 million. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.11 EPS.

Container Store Group Inc closed down -0.06 points or -1.08% at $5.47 with 1,11,337 shares getting traded on Monday. Post opening the session at $5.49, the shares hit an intraday low of $5.43 and an intraday high of $5.68 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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