Container Store (TCS) reported earnings on Tue 7 Nov 2017 (a/h)

** charts after earnings **

 

Container Store beats by $0.04, reports revs in-line; Raises FY17 guidance, still inline with consensus 

• Reports Q2 (Sep) earnings of $0.12 per share, $0.04 better than the Capital IQ Consensus of $0.08; revenues rose 6.5% year/year to $218.4 mln vs the $216.95 mln Capital IQ Consensus.
• Comparable store sales for 2Q17 were up 1.9% inclusive of the negative impact of the hurricanes. The company estimates that the comparable store sales headwind from the combined impact of Hurricane Harvey in Texas and Hurricane Irma in Florida was approximately 70 basis points. 
• Co issues raises guidancefor FY18, sees EPS of $0.30-$0.41 vs. prior guidance of $0.27-$0.40 and vs the $0.33 Capital IQ Consensus Estimate; sees FY18 revs of $845-$865 mln vs. prior guidance of $830-$850 million and vs. the $851.56 mln Capital IQ Consensus Estimate. Sees comparable store sales of -1% to +1%, up from prior guidance of "decrease in low single digit range."