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Container Store Group, Inc. (TCSGQ)
:TCSGQ
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Earnings Data
Report Date
Feb 11, 2025TBA Not Confirmed
Period Ending
2024 (Q3)Consensus EPS Forecast
-1.88Last Year’s EPS
-1.2Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2018
|% Change Since: -96.42%
|Next Earnings Date:Jul 31, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with significant sales decline and macroeconomic challenges but was balanced by positive developments in customer satisfaction, product expansion, and employee investment.Company Guidance
During The Container Store's second quarter 2023 earnings call, executives discussed a challenging consumer environment marked by a 19.4% year-over-year decline in consolidated net sales to $219.7 million, driven by reduced customer traffic and purchasing. Despite these challenges, the company achieved a gross margin expansion to 57.6%, primarily due to favorable freight costs and strategic promotional activities. Adjusted earnings per share exceeded expectations at $0.01, aided by successful SG&A reduction efforts. Customer engagement metrics such as the Net Promoter Score remained strong at 81%, while loyalty members showed significantly higher spending, with "Experts" spending five times more than non-loyalty members. The company introduced over 400 new premium products, contributing positively to sales, although at a lower margin, impacting the overall gross margin forecast. The fiscal year outlook was adjusted to reflect slightly lower revenue expectations and anticipated challenges in gross profit due to sales mix and SG&A expenses.High Net Promoter Score
The Container Store received a Net Promoter Score of 81% in Q2, reflecting strong customer satisfaction and service.
Successful Back-to-College Campaign
The campaign brought in 35% new customers, saw a 68% increase in sign-ups, and drove a 43% increase in sales compared to last year.
Expansion of Premium Product Line
The introduction of over 400 new premium products exceeded sales expectations, despite lower gross margins.
Advancements in Technology
Testing of AI-generated content on the website has begun, improving product display pages and search capabilities.
Employee Investment
Reinstated annual employee pay increase effective October 1 and launched the TCS Appreciate recognition program.
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TCSGQ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TCSGQ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $8.39 | $5.24 | -37.54% |
| Aug 06, 2024 | $17.25 | $12.91 | -25.16% |
| May 14, 2024 | $13.20 | $13.49 | +2.20% |
| Feb 06, 2024 | $25.50 | $15.45 | -39.41% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Container Store Group, Inc. (TCSGQ) report earnings?
Container Store Group, Inc. (TCSGQ) is schdueled to report earning on Feb 11, 2025, TBA Not Confirmed.
What is Container Store Group, Inc. (TCSGQ) earnings time?
Container Store Group, Inc. (TCSGQ) earnings time is at Feb 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TCSGQ EPS forecast?
TCSGQ EPS forecast for the fiscal quarter 2024 (Q3) is -1.88.
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