Container Store Q4 net loss $1.24/sh; revenue $206M (-20.7%); launches strategic alternatives review

Container Store Group, Inc.

2023-FY EPS reported -$2.09 revenue$847,779,000

Full-year net sales $847.8M, down 19.0% YoY; comp store sales -19.7%.
Q4 net loss $61.4M ($1.24 diluted) vs $189.3M loss year ago; adjusted net loss $0.04/sh.
Full-year net loss $103.3M ($2.09 diluted) vs $158.9M loss in FY22; adjusted loss $0.32/sh.
Non-cash impairment charges of $73.8M in Q4 (trade names); $97.3M for FY.
Board initiates formal review of strategic alternatives; financial guidance suspended; J.P. Morgan advising.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Container Store Group, Inc. reported fourth quarter and fiscal year ended March 30, 2024 results: revenue $206.0 million, net income $61.4 million, EPS $1.24 per diluted share.

Period: fourth quarter and fiscal year ended March 30, 2024
Revenue: $206.0 million
Net income: $61.4 million
EPS: $1.24 per diluted share
Result: reported results

Exact text from the filing

today announced its financial results for the fourth quarter and fiscal year 2023 ended March 30, 2024. For the fourth quarter of fiscal 2023: • Consolidated net sales were $206.0 million, down 20.7%, compared to the fourth quarter of fiscal 2022. Net sales in The Container Store retail business (“TCS”) were $195.3 million, down 20.4%. Elfa International AB

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Container Store Group, Inc. reported Full fiscal year ended March 30, 2024 results: revenue $847.8 million, EPS $2.09 per diluted share.

Period: Full fiscal year ended March 30, 2024
Revenue: $847.8 million
EPS: $2.09 per diluted share
Result: reported results

Exact text from the filing

Full-year consolidated net sales of $847.8 million, down 19.0% compared to fiscal 2022

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Source: SEC EDGAR

accession 0001628280-24-023055

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