The Container Store (TCS) : 6-year performance

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

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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.

Container Store (TCS) reported earnings on Tue 7 Nov 2017 (a/h)

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Container Store beats by $0.04, reports revs in-line; Raises FY17 guidance, still inline with consensus 

• Reports Q2 (Sep) earnings of $0.12 per share, $0.04 better than the Capital IQ Consensus of $0.08; revenues rose 6.5% year/year to $218.4 mln vs the $216.95 mln Capital IQ Consensus.
• Comparable store sales for 2Q17 were up 1.9% inclusive of the negative impact of the hurricanes. The company estimates that the comparable store sales headwind from the combined impact of Hurricane Harvey in Texas and Hurricane Irma in Florida was approximately 70 basis points. 
• Co issues raises guidancefor FY18, sees EPS of $0.30-$0.41 vs. prior guidance of $0.27-$0.40 and vs the $0.33 Capital IQ Consensus Estimate; sees FY18 revs of $845-$865 mln vs. prior guidance of $830-$850 million and vs. the $851.56 mln Capital IQ Consensus Estimate. Sees comparable store sales of -1% to +1%, up from prior guidance of "decrease in low single digit range." 

The Container Store Group (TCS) reported earnings on Wed 2 Aug 2017 (a/h)

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COPPELL, Texas (AP) _ The Container Store Group Inc. (TCS) on Wednesday reported a loss of $7.7 million in its fiscal first quarter.

On a per-share basis, the Coppell, Texas-based company said it had a loss of 16 cents. Losses, adjusted for non-recurring costs, were 11 cents per share.

The results matched Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for a loss of 11 cents per share.

The storage products retailer posted revenue of $183.1 million in the period.

Container Store expects full-year earnings in the range of 37 cents to 49 cents per share.

Container Store shares have dropped 13 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $5.51, a rise of 4 percent in the last 12 months.

Container Store (TCS) reported earnings on Tue 23 May 2017 (a/h)

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• Container Store beats 4Q profit forecasts

COPPELL, Texas (AP) _ The Container Store Group Inc. (TCS) on Tuesday reported fiscal fourth-quarter earnings of $8.4 million.

The Coppell, Texas-based company said it had net income of 17 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share.

The storage products retailer posted revenue of $221 million in the period.

For the year, the company reported profit of $15 million, or 31 cents per share. Revenue was reported as $819.9 million.

Container Store expects full-year earnings to be 25 cents to 35 cents per share, with revenue in the range of $830 million to $850 million.

In the final minutes of trading on Tuesday, the company's shares hit $4.15. A year ago, they were trading at $5.30.

The Container Store (TCS) : 3-year performance

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The Container Store (TCS) announced earnings on 6 October 2014

The Container Store (TCS) : 8-month performance + earnings

Shares of the storage and organization products seller TCS  tumbled today, after the company reported late Tuesday fiscal first-quarter earnings and revenue that missed analyst expectations.

For the quarter ending May 31, CEO Kip Tindell said he was wrong in thinking recent “sluggish” sales trends were all about weather and a shortened-holiday shopping season. Instead, he said consumers in general are in a spending “funk.”

It’s not the company’s fault, because Tindell said he was confident consumers are as enthusiastic about Container Stores’s brand as they have ever been. Tindell said he was pleased that the company didn’t succumb to consumers’ insistence on deeper discounts.

And yet the stock is down 48% so far this year, and is headed for the lowest close since it went public on Nov. 1, 2013.

Wall Street analysts seem to believe the company is just fine. Credit Suisse analyst Gary Balter said long-term investors should use the stock’s weakness as a buying opportunity,  while J.P. Morgan’s Christopher Horvers said he still believes investors will continue to pay a premium, relative to its peers, for the shares.

Among high-growth retailers that have gone public recently, that Horvers pegged as Container Store’s peers, Fairway Group FWM  has plunged 64% this year, Potbelly (PBPB)  has lost 39% and Sprouts Farmers Market (SFM)  has dropped 17%.

Container Store is the second seller of discretionary items to blame stingy consumers for disappointing results. Bed Bath & Beyond BBBY  said on June 25 that one of the reasons it missed earnings estimates, and provided a disappointing outlook, was because consumers bumped up the use of coupons. Raymond James analyst Budd Bugatch followed by saying while it might seem “Pollyanna-ish,” investors should be “patient.” Bed Bath & Beyond’s stocks is down 27% this year.

Meanwhile, Wal-Mart Stores, which Wall Street considers a seller of what people always need, said its sluggish sales weren’t all the consumers’ fault. U.S. CEO Bill Simon said Tuesday the company needed to adjust to changes in the economy and spending habits. Investors seem to agree, as the stock is headed for a sixth-straight gain, and is down just 1.8% this year.

The Container Store (TCS) : 1-month performance

The Container Store (TCS) doubles on its first day of trading on the NYSE 1 November 2013

Coppell, Texas-based The Container Store Group, Inc., the leading U.S. specialty retailer of storage and organization products, will begin trading on the NYSE today under the ticker symbol “TCS.” To celebrate the milestone, President and COO Melissa Reiff rang the Opening Bell in honor of her late father Reuben Meyer, a former stock broker.

The Container Store Chairman and CEO Kip Tindell, President Melissa Reiff, CMO Sharon Tindell and CFO Jodi Taylor ring the opening bell at the

The company, known for its employee-first culture, only has 62 stores. It opened its first store in Dallas in 1978. It said it expects to grow its current U.S. footprint to at least 300 stores.

Its comparable store sales, a key industry performance metric, have risen for 13 straight quarters. The company said its employee training program, including more than 260 hours of formal training in full-time employees’ first year, will continue to differentiate it from rivals and help drive traffic.

Beyond its stores, the company said it has growth opportunities through online and call centers, which together have risen 84% over the past three fiscal years and account for 5.4% of total business.

Its total sales grew to $706.8 million last year from $568.8 million three years ago. Average transaction size has increased to $57 from $54 during the same period.

Still, while Container Store looks to have plenty of store growth ahead, it faces competition in a fragmented home-furnishings market from the likes of Bed, Bath & Beyond (BBBY) and Crate & Barrel on the specialty retail side and from the likes of Wal-Mart (WMT)  and Target (TGT)  on the lower end.

The company also has posted at least three straight years of losses despite narrowing those losses to $130,000 last year from $45.1 million three years ago. It also handles its merchandise distribution from one single distribution center in a suburb of Dallas, which it lists as a business risk.