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Container Store fiscal Q2 profit climbs 40.5% YOY

The Container Store Group Inc. said its normalized net income for the fiscal second quarter ended Aug. 30 was 11 cents per share, compared with the S&P Capital IQ consensus estimate of 11 cents per share.

EPS decreased 91.5% year over year from $1.30.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $5.3 million, an increase of 40.5% from $3.8 million in the prior-year period.

The normalized profit margin increased to 2.8% from 2.1% in the year-earlier period.

Total revenue rose 5.2% year over year to $193.2 million from $183.8 million, and total operating expenses rose year over year to $180.3 million from $172.2 million.

Reported net income totaled $6.8 million, or 14 cents per share, compared to a loss of $17.8 million, or a loss of $6.06 per share, in the year-earlier period.