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.
