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Monday, March 1, 2021

Container Store: Fiscal 3Q Earnings Snapshot

by AP News.

COPPELL, Texas (AP) _ The Container Store Group Inc. (TCS) on Tuesday reported fiscal third-quarter net income of $19.7 million.

On a per-share basis, the Coppell, Texas-based company said it had net income of 40 cents. Earnings, adjusted for one-time gains and costs, came to 42 cents per share.

The storage products retailer posted revenue of $275.5 million in the period.

For the current quarter ending in March, Container Store expects its per-share earnings to range from 52 cents to 57 cents.

The company expects full-year earnings in the range of $1.05 to $1.10 per share.

Container Store shares have risen 55% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $14.81, more than tripling in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TCS at https://www.zacks.com/ap/TCS

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