Container Store Group Q3 Adj $(0.08) Misses $(0.05) Estimate, Sales $214.90M Miss $220.72M Estimate
Portfolio Pulse from Benzinga Newsdesk
Container Store Group (TCS) reported a Q3 adjusted loss of $(0.08) per share, missing the $(0.05) estimate, with sales of $214.90M also missing the $220.72M estimate. This represents a 200% decrease in earnings and a 14.80% decrease in sales from the same period last year.
February 06, 2024 | 9:37 pm
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Container Store Group reported a significant miss in both earnings and sales for Q3, with a 200% decrease in earnings and a 14.80% decrease in sales year-over-year.
The significant miss in both earnings and sales compared to analyst estimates, coupled with a substantial year-over-year decline, is likely to negatively impact investor sentiment and the stock price of TCS in the short term.
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