Container Store (TCS) reported earnings on Tue 5 Feb 2019 (a/h)

** charts before earnings **

 

** charts after earnings **

Container Store misses by $0.05, misses two analyst estimate on revs; sees FY at low end of prior guidance

• Reports Q3 (Dec) earnings of $0.07 per share, excluding non-recurring items, $0.05 worse than the S&P Capital IQ Consensus of $0.12; revenues fell 0.6% year/year to $221.6 mln vs the $230.55 mln two analyst estimate.
• Comparable store sales for the third quarter of fiscal 2018 decreased 0.8%, with holiday departments' sales down 15.8%, contributing an approximate 3.0% decline and Custom Closets sales up 4.5%, contributing an ~1.8% increase. Q4 Fiscal January comparable store sales up 9.4%. Adjusted EBITDA was $21.8 million compared to $25.6 million in the prior year period.
• Co now sees FY19 EPS at low end to slightly below $0.41 to $0.51, excluding non-recurring items, vs. $0.43 S&P Capital IQ Consensus; sees FY19 revs of lower end of $885-895 mln vs. $889.61 mln two analyst estimate.