COPPELL, Texas (AP) _ The Container Store Group Inc. (TCS) on Wednesday reported a loss of $7.7 million in its fiscal first quarter.
On a per-share basis, the Coppell, Texas-based company said it had a loss of 16 cents. Losses, adjusted for non-recurring costs, were 11 cents per share.
The results matched Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for a loss of 11 cents per share.
The storage products retailer posted revenue of $183.1 million in the period.
Container Store expects full-year earnings in the range of 37 cents to 49 cents per share.
Container Store shares have dropped 13 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $5.51, a rise of 4 percent in the last 12 months.
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