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Stock impact report

The Container Store Group, Inc. Announces Preliminary Third Quarter Sales Results Ahead of Participation in the ICR Conference

Container Store (The) (TCS) 
Last container store (the) earnings: 2/4 04:05 pm Check Earnings Report
US:NYSE Investor Relations: investor.containerstore.com
Company Research Source: Business Wire
COPPELL, Texas--(BUSINESS WIRE)--The Container Store Group, Inc. (NYSE: TCS) (the “Company”), today announced preliminary sales results for the third quarter ended December 28, 2019.The Company’s consolidated net sales are estimated to be $228.7 million, representing an increase of 3.2% from $221.6 million in the third quarter of fiscal 2018.Comparable store sales are estimated to increase 3.0% with Custom Closets sales expected to be up 10.2%, contributing approximately 420 basis points of the increase in comparable store sales. Other product categories are expected to decline 2.0%, negatively contributing to comparable store sales by approximately 120 basis points. This expected decline was more than entirely driven by a decrease in holiday departments’ sales, which are expected to decline 12.2% and negatively contribute 200 basis points.The Company continues to expect third quarter fiscal 2019 net income per share to be down as compared to the same quarter last year driven by p Show less Read more
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