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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • The Container Store Posts Net Loss 0 comments
    Jan 8, 2014 10:36 AM | about stocks: TCS

    Originally published at www.seclive.com

    The Container Store Group, Inc. (NYSE:TCS) announced its financial results for the third fiscal quarter, reporting a net loss due largely to IPO costs. The company sustained a net loss of $9.5M and $1.39 per share, down from a profit of $6.9M and $5.32 earnings per share in the year-ago quarter. When excluding the $14.6M IPO-related expense, its adjusted earnings were $0.11 per share, beating analyst expectations of $0.08 per share. Quarterly sales increased 7.3% to $188.3M, falling just short of the $188.9M prediction while comparable-store sales increased 4.7%. Chairman and CEO Kip Tindell remarked that the company is very pleased with its operating results, with marked increases in overall sales and comparable-store sales. The Container Store is thrilled with its successful IPO and optimistically looks forward to continued growth and opportunity.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: TCS
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