The Container Store -9.3% AH, investors underwhelmed by outlook

|About: The Container Store Group, Inc. (TCS)|By:, SA News Editor

The Container Store (TCS) shares plunge 9.3% in AH trading after the company posts an EPS beat and slight revenue miss in FQ1 but issues guidance that isn't all investors hoped for.

The high-flying IPO sees FY2013 sales of $754M vs. analyst expectations of $756.2M on a comparable stores sales increase of 3.4% and 6 store openings. Forecast EPS of $0.40 is above analyst expectations of $0.38.

Comp sales in FQ1 were up 4.7%; however with the average ticket up 5.8%, the figures imply negative traffic trends.

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