Container Store -15% AH, cuts outlook amid "retail funk"


The Container Store (TCS) -15% AH after missing FQ1 earnings estimates and issuing downside guidance for FY 2015, as the specialty retailer says it is "experiencing a retail funk."

FQ1 net sales rose 9% Y/Y to $173.4M, but same-store sales slipped 0.8% and gross margin narrowed to 58.1% from 58.4%.

See FY 2015 EPS of $0.49-$0.54 vs. $0.57 analyst consensus estimate, and FY 2015 revenues of $820M-$830M vs. $831M consensus.

"We thought our sluggish sales were all because of weather and calendar shifts that began last November and continued into the spring, but now we've come to realize it's more than weather and calendar," CEO Kip Tindell says.

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Comments (7)
  • defunkdreader
    , contributor
    Comments (183) | Send Message
     
    "You dropped a bomb on [investors]"
    8 Jul 2014, 06:06 PM Reply Like
  • blades58
    , contributor
    Comments (11) | Send Message
     
    these guys are serial bombers. another pricey pos gift from the private equity guys
    8 Jul 2014, 06:21 PM Reply Like
  • chopchop0
    , contributor
    Comments (5218) | Send Message
     
    Yup. TCS seemed like a fad from the getgo, and the valuation hasn't been helping things either.
    9 Jul 2014, 12:23 AM Reply Like
  • berniespear
    , contributor
    Comments (251) | Send Message
     
    Great job CEO Kip. Way to talk it up.

     

    Looked at this stock back a couple months but thank god i actually went to one of the stores and saw that it wasn't that great.
    8 Jul 2014, 10:01 PM Reply Like
  • paulbenjou
    , contributor
    Comments (10) | Send Message
     
    A Motley Fool recommendation to BUY! when it was $42. So much for the fools at MF.
    8 Jul 2014, 10:57 PM Reply Like
  • HomeGamer1856
    , contributor
    Comments (2) | Send Message
     
    "Feel the pain"
    9 Jul 2014, 10:06 AM Reply Like
  • chanstock
    , contributor
    Comment (1) | Send Message
     
    CEO should find out the real problem about business slow, not all blame to weather and calendar shift. It is not a responsible attitude.
    9 Jul 2014, 10:09 AM Reply Like
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