The Container Store Group Inc. Q2 Income Declines 48%

(RTTNews) - The Container Store Group Inc. (TCS) revealed a profit for second quarter that declined compared to the same period last year.

The company said its profit dropped to $2.67 million, or $0.06 per share. This was down from $5.12 million, or $0.11 per share, in last year's second quarter.

Analysts had expected the company to earn $0.07 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 1.2% to $195.48 million. This was up from $193.25 million last year.

The Container Store Group Inc. earnings at a glance:

-Earnings (Q2): $2.67 Mln. vs. $5.12 Mln. last year.
-Earnings Decline (Y-o-Y): -47.9%
-EPS (Q2): $0.06 vs. $0.11 last year.
-EPS Decline (Y-o-Y): -45.5%
-Analysts Estimate: $0.07
-Revenue (Q2): $195.48 Mln vs. $193.25 Mln last year.
-Revenue Change (Y-o-Y): 1.2%

-Guidance:

Full year EPS guidance: $0.30 - $0.38
Full year revenue guidance: $800 - $815 Mln