trending Market Intelligence /marketintelligence/en/news-insights/trending/oOYXda4tEJA0PqkLO_z2PA2 content esgSubNav
In This List

Container Store swings to profit in fiscal Q3

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


Container Store swings to profit in fiscal Q3

The Container Store Group, Inc. said its normalized net income for the fiscal third quarter ended Nov. 29, 2014, came to 7 cents per share, compared with the S&P Capital IQ consensus estimate of 7 cents per share.

The per-share result swung to a profit from the prior-year loss of 23 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $3.5 million, compared with a loss of $4.1 million in the year-earlier period.

The normalized profit margin rose to 1.8% from negative 2.2% in the year-earlier period.

Total revenue rose on an annual basis to $190.9 million from $188.3 million, and total operating expenses decreased on an annual basis to $181.0 million from $189.1 million.

Reported net income came to $6.3 million, or 13 cents per share, compared to a loss of $25.1 million, or a loss of $1.39 per share, in the year-earlier period.