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The Container Store is facing both short-term and long-term concerns. I think bankruptcy risks are low, which provides some downside protection at the stock's current price. Over the next 12-24 months, I think TCS stock could trade between $5 and $9.50 in a bull case and at $1.40 in a bear case.
The Container Store swung to a loss in its fiscal first quarter, which ended on July 1. Sales were down over 21% from 2022, to $207.1 million, and store sales also plunged 19.9% from last year's period.
The company's revenue decreased by 21.1% YoY, while operating loss (% of revenue) reached 5%. SGA spending (% of revenue) increased to 53.8% due to reduced economies of scale. I expect pressure on top line growth and operating margin to continue in the coming quarters.
Penny stocks are an interesting asset class when it comes to making money in the stock market. Their inherent risk/reward makeup lends to heavy speculation and a thirst for significant gains.
Start Time: 16:30 January 1, 0000 5:07 PM ET The Container Store Group, Inc. (NYSE:TCS ) Q1 2023 Earnings Conference Call August 01, 2023, 16:30 PM ET Company Participants Satish Malhotra - President and CEO Jeff Miller - CFO Caitlin Churchill - IR, ICR Conference Call Participants Steven Forbes - Guggenheim Securities Ryan Meyers - Lake Street Capital Markets Kate McShane - Goldman Sachs Operator Greetings, and welcome to The Container Store First Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode.
Container Store Group (TCS) came out with a quarterly loss of $0.21 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to earnings of $0.21 per share a year ago.
DALLAS--(BUSINESS WIRE)--The Container Store Group, Inc. (NYSE: TCS) today announced that its first quarter fiscal 2023 financial results will be released after market close on Tuesday, August 1, 2023. The Company will host a conference call at 4:30 p.m. Eastern Time to discuss the financial results. This call will include both live, prepared remarks as well as a Q&A session. Investors and analysts interested in participating in the call are invited to dial 877-407-3982 (international calle.
The storage and organization retailer has teamed up with online seller Dormify to grab some of Bed Bath & Beyond's share of the back-to-school market.
The most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued companies.
The Container Store Group, Inc. (NYSE:TCS ) Q4 2022 Earnings Conference Call May 16, 2023 4:30 PM ET Company Participants Caitlin Churchill - Investor Relations, ICR Satish Malhotra - President and Chief Executive Officer Jeff Miller - Chief Financial Officer Conference Call Participants Anders Myhre - Guggenheim Partners Ryan Meyers - Lake Street Capital Markets Kate McShane - Goldman Sachs Christopher Horvers - JPMorgan Operator Greetings and welcome to The Container Store Fourth Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode.