The Container Store Group, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
October 31, 2023 at 08:05 pm
Share
The Container Store Group, Inc. reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was USD 219.73 million compared to USD 272.67 million a year ago. Net loss was USD 23.65 million compared to net income of USD 15.75 million a year ago. Basic loss per share from continuing operations was USD 0.48 compared to basic earnings per share from continuing operations of USD 0.31 a year ago. Diluted loss per share from continuing operations was USD 0.48 compared to diluted earnings per share from continuing operations of USD 0.31 a year ago.
For the six months, sales was USD 426.84 million compared to USD 535.31 million a year ago. Net loss was USD 35.49 million compared to net income of USD 26.23 million a year ago. Basic loss per share from continuing operations was USD 0.72 compared to basic earnings per share from continuing operations of USD 0.53 a year ago. Diluted loss per share from continuing operations was USD 0.72 compared to diluted earnings per share from continuing operations of USD 0.52 a year ago.
The Container Store Group, Inc. is a specialty retailer of organizing solutions, custom spaces, and in-home organizing services in the United States. The Company operates through two segments: The Container Store (TCS) and Elfa. TCS segment consists of retail stores, Website, and call center (which includes business sales), as well as its in-home services business. The Elfa segment includes the manufacturing business that produces the elfa brand products that are sold domestically exclusively through the TCS segment as well as on a wholesale basis. This segment designs and manufactures component-based shelving and drawer systems and made-to-measure sliding doors. Its shelving and drawer systems are customizable for any area of the home, including closets, kitchens, offices, and garages. The Company also offers all of its products directly to its customers through its Website, responsive mobile site and application, call center, and in-home design specialists and organizers.
THE CONTAINER STORE GROUP, INC. 
