Container Store Group Q1 2024 Adj. EPS $(0.26) Misses $(0.21) Estimate, Sales $181.861M Miss $192.413M Estimate
Portfolio Pulse from Benzinga Newsdesk
Container Store Group (NYSE:TCS) reported Q1 2024 adjusted EPS of $(0.26), missing the $(0.21) estimate, and sales of $181.861M, missing the $192.413M estimate. This represents a 23.81% decrease in EPS and a 12.19% decrease in sales compared to the same period last year.
August 06, 2024 | 9:25 pm
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NEGATIVE IMPACT
Container Store Group reported Q1 2024 adjusted EPS of $(0.26), missing the $(0.21) estimate, and sales of $181.861M, missing the $192.413M estimate. This represents a 23.81% decrease in EPS and a 12.19% decrease in sales compared to the same period last year.
The significant miss on both EPS and sales estimates, along with the year-over-year declines, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100