Container Store Group Q2 2024 Adj. EPS $(3.23), Sales $196.575M Miss $205.290M Estimate
Portfolio Pulse from Benzinga Newsdesk
Container Store Group reported a Q2 2024 adjusted EPS loss of $(3.23) and sales of $196.575 million, missing the analyst consensus estimate of $205.290 million. This represents a 10.54% decrease in sales compared to the same period last year.
October 29, 2024 | 8:12 pm
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NEGATIVE IMPACT
Container Store Group's Q2 2024 earnings report shows a significant miss on both EPS and sales estimates, with a notable year-over-year sales decline.
The company's reported EPS and sales figures both missed analyst expectations, which is typically viewed negatively by investors. The 10.54% year-over-year decline in sales further exacerbates the negative sentiment, likely leading to short-term downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100