Container Store Group Q3 Loss Widens - Quick Facts

(RTTNews) - The Container Store Group, Inc. (TCS) Tuesday said third-quarter loss widened to $25.08 million from $15.59 million in the same period last year. On a per-share basis, loss narrowed to $1.39 from $5.32 last year.

Adjusted earnings for the quarter was $5.7 million or $0.12 per share. On average, seven analysts polled by Thomson Reuters expected the company to earn $0.08 per share for the quarter. Analysts' estimates typically exclude special items.

Sales improved 7.3 percent to $188.3 million from $175.4 million last year. Analysts expected sales of $188.89 million. Comparable store sales increased by 4.7 percent over last year.

Looking ahead to the fiscal 2013, the company currently targets adjusted earnings of $0.40 per share on revenues of $754 million.