Container Store Group Inc (N:TCS)
Business Focus: Other Specialty Retailers
| Sector: Consumer Cyclicals | Industry: Other Specialty Retailers |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 500 Freeport Parkway COPPELL TX 75019 |
| Tel: | N/A |
| Website: | https://investor.containerstore.com |
| IR: | See website |
| Key People | ||
| Satish Malhotra President, Chief Executive Officer, Director | Jeffrey A. Miller Chief Financial Officer | Dhritiman Saha Chief Operating Officer |
| Melissa Collins Chief Marketing Officer | Stacey Shively Chief Merchandising Officer | |
| Business Overview |
| The Container Store Group, Inc. is a specialty retailer of organizing solutions, custom spaces, and in-home organizing services in the United States. The Company operates through two segments: The Container Store (TCS) and Elfa. TCS segment consists of retail stores, Website, and call center (which includes business sales), as well as its in-home services business. The Elfa segment includes the manufacturing business that produces the elfa brand products that are sold domestically exclusively through the TCS segment as well as on a wholesale basis. This segment designs and manufactures component-based shelving and drawer systems and made-to-measure sliding doors. Its shelving and drawer systems are customizable for any area of the home, including closets, kitchens, offices, and garages. The Company also offers all of its products directly to its customers through its Website, responsive mobile site and application, call center, and in-home design specialists and organizers. |
| Financial Overview |
| For the fiscal year ended 30 March 2024, Container Store Group Inc revenues decreased 19% to $847.8M. Net loss decreased 35% to $103.3M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Stock-based compensation decrease of 45% to $1.9M (expense). Basic Earnings per Share excluding Extraordinary Items increased from -$3.21 to -$2.09. |
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