Container Store (TCS) reported earnings on Tue 31 July 2018 (a/h)

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** charts after earnings **

 

Container Store beats by $0.04, beats on revs; raises FY19 guidance 

• Reports Q1 (Jun) loss of $0.08 per share, excluding non-recurring items, $0.04 better than the Capital IQ Consensus of ($0.12); revenues rose 7.0% year/year to $195.82 mln vs the $191.48 mln Capital IQ Consensus.
• Comparable store sales were up 4.7%. This includes an approximate 190 basis point benefit from recognition of Custom Closets orders placed in the fourth quarter of fiscal 2017 that were delivered and installed in the first quarter of fiscal 2018.
• Co raises guidancefor FY19, sees EPS of $0.38-0.48 (Prior $0.35-0.45), excluding non-recurring items, vs. $0.40 Capital IQ Consensus Estimate; sees FY19 revs of $890-900 mln (Prior $880-890 mln) vs. $882.40 mln Capital IQ Consensus Estimate.