Revenue Update on Container Store Group Inc(NYSE:TCS)

Container Store Group Inc(NYSE:TCS) announced the earnings results for Fiscal Year 2016 and Q1. The results came in during After-hours on Aug 9, 2016. Earnings per share were $-0.09.

Container Store Group Inc (TCS) shares turned negative on Wednesdays trading session with the shares closing down -0.05 points or -0.94% at a volume of 3,37,513. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $5.32. The peak price level was also seen at $5.32 while the days lowest was $5.21. Finally the shares closed at $5.26. The 52-week high of the shares is $17.7 while the 52-week low is $3.77. According to the latest information available, the market cap of the company is $254 M.

Several Insider Transactions has been reported to the SEC. On Jan 11, 2016, Robert E Jordan (director) purchased 15,000 shares at $4.40 per share price.Also, On Oct 14, 2015, Jodi Taylor (CFO) purchased 5,000 shares at $12.50 per share price.On Jan 29, 2015, Mentzer Per Von (CEO OF ELFA) sold 500 shares at $18.81 per share price, according to the Form-4 filing with the securities and exchange commission.

The Container Store Group Inc. is a specialty retailer of storage and organization products in the United States. The Company is the original storage and organization specialty retailer. The Company operates in two segments: TCS and Elfa. TCS segment consists of its retail stores ebsite and call center. Elfa segment designs and manufactures component-based shelving and drawer systems that are customizable for any area of the home including closets kitchens offices and garages. In the TCS segment all of the Company’s merchandise flows through a centralized distribution center prior to transport to its retail stores. The Company’s Coppell TX distribution center uses a warehouse management system that is designed to optimize distribution operations from picking and packing to slotting and labor management.

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