CONTAINER STORE Reports First Quarter FY2024 Earnings Results for June 30 2023
August 27, 2023
🌥️Earnings Overview
On August 1 2023, CONTAINER STORE ($NYSE:TCS) reported its financial results for the first quarter of FY2024, which ended on June 30 2023. Total revenue for the quarter amounted to USD 207.1 million, a decrease of 21.1% from the same period in the previous year. The company posted a net loss of 11.8 million, compared to net income of 10.5 million in the prior year.
Stock Price
The company’s stock opened at $3.7 on Tuesday and closed at the same price, up by 0.3% from the last closing price of 3.7. This quarter’s financial results show that CONTAINER STORE has made positive strides over the past few months. The company was also able to keep their operating expenses in check and increase their gross margin.
Additionally, CONTAINER STORE continued to expand their reach and introduce new products to their existing lineup. Overall, CONTAINER STORE’s first quarter performance was very positive and led to a strong start for FY2024. The company will continue to focus on increasing its market share and improving customer experience in the coming months. Investors should keep an eye on CONTAINER STORE’s stock in the coming days and weeks as it could potentially offer great returns. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Container Store. More…
| Total Revenues | Net Income | Net Margin |
| 991.74 | -181.17 | -6.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Container Store. More…
| Operations | Investing | Financing |
| 53.15 | -55.03 | -9.11 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Container Store. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 987.96 | 738.88 | 4.85 |
Key Ratios Snapshot
Some of the financial key ratios for Container Store are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.9% | 11.1% | -15.7% |
| FCF Margin | ROE | ROA |
| -0.2% | -38.1% | -9.9% |
Analysis
After performing an analysis of CONTAINER STORE‘s wellbeing, GoodWhale’s Star Chart has revealed that CONTAINER STORE has an intermediate health score of 5/10. This score considers its cashflows and debt, and suggests that CONTAINER STORE may be able to sustain future operations in times of crisis. GoodWhale has also classified CONTAINER STORE as a ‘sloth’, which indicates that it has achieved revenue or earnings growth slower than the overall economy. This type of company could potentially appeal to value investors, who are looking for stocks trading at low prices relative to their fundamental value. Further analysis of CONTAINER STORE reveals that it is strong in liquidity, medium in profitability, and weak in asset quality, dividend payouts, and growth. This combination of strengths and weaknesses could make CONTAINER STORE attractive to investors seeking a company with a good balance between stability and potential. More…
Peers
The Container Store Group Inc is a leading retailer in the United States. The company offers a wide variety of products and services, including storage and organization, kitchen and bath, and home. The company operates through a network of retail stores and online channels. The Container Store Group Inc competes with Century Ginwa Retail Holdings Ltd, Grand Ocean Retail Group Ltd, Shirble Department Store Holdings (China) Ltd, and other retailers in the United States and internationally.
– Century Ginwa Retail Holdings Ltd ($SEHK:00162)
Century Ginwa Retail Holdings Ltd is a retail company that operates in China. The company has a market cap of 158.66M as of 2022 and a Return on Equity of -9.06%. The company operates in the retail sector and is involved in the sale of general merchandise, including clothing, footwear, household items, and other consumer goods. The company operates through a network of retail stores and has a presence in the Chinese market. The company has a strong growth potential in the Chinese retail market.
– Grand Ocean Retail Group Ltd ($TWSE:5907)
Ocean Retail Group is a leading retailer in China with over 2,500 stores across the country. The company offers a wide range of products and services, including food, clothing, and home goods. Ocean Retail Group has a market cap of 2.58B as of 2022 and a return on equity of 2.84%. The company has a strong presence in China’s retail market and is well-positioned to continue growing its business in the future.
– Shirble Department Store Holdings (China) Ltd ($SEHK:00312)
Shirble Department Store Holdings (China) Ltd is a department store chain in China. The company operates stores in Beijing, Shanghai, and Guangzhou. It offers a wide range of merchandise, including apparel, cosmetics, home furnishings, and electronics. The company also operates an online store.
Shirble Department Store Holdings (China) Ltd has a market cap of 224.55M as of 2022. The company has a Return on Equity of -11.94%. The company’s market cap and ROE are both below the industry average. This may be due to the company’s high debt levels. The company’s debt-to-equity ratio is 0.61, which is higher than the industry average of 0.54.
The company’s market cap and ROE may improve in the future as the company expands its store base and online presence.
Summary
Investing in CONTAINER STORE might not be the wisest move at this time, as total revenue for the quarter ending June 30 2023 decreased by 21.1% from the same period last year. With the company reporting a net income of -11.8 million, compared to 10.5 million in the prior year, this suggests a financial struggle that could continue into the future. Nevertheless, investors should evaluate the company’s financial outlook and potential returns before committing to any investments.
Related Posts
Recent Posts
