EarningsThe Container Store reported an adjusted EPS of -$0.04 for 4Q23, surpassing the consensus estimate of -$0.12.
Gross MarginGross margin increased by 50 basis points year over year to 59.4%, slightly above the GS estimate.
Sales TrendsManagement noted an improvement in sales trends driven by strength in the Custom Spaces business, with growth in Elfa and Preston product lines.