Container Store Q1 Loss Narrower Than Estimates; Stock Up 9%

(RTTNews) - The Container Store Group Inc (TCS), a retailer of storage and organization products, on Tuesday reported first-quarter net loss of $5.2 million or $0.11 per share compared with a loss of $3.6 million or $0.07 per share last year.

Revenues for the quarter were $169.8 million compared with $173.4 million in the prior year.

Analysts polled by Thomson Reuters estimated a loss of $0.13 per share on revenues of $173.6 million for the quarter. Analysts' estimates typically exclude special items.

Company comparable store sales for the quarter were down 0.9%.

Gross margin for the quarter was 58.5%, an increase of 40 basis points from a year ago.

For the full year 2015, the company still expects earnings of $0.30 to $0.38 per share on revenues of $800 million to $815 million. Analysts expect earnings of $0.32 per share on revenues of $815.8 million.