TCS - The Container Store shares surge on big earnings beat

The Container Store Group (NYSE:TCS) stock soared in extended trading on Tuesday after reporting its “best year of sales and profitability in company history.” The Coppell, Texas-based specialty retailer reported non-GAAP EPS of $0.46 for the fiscal fourth quarter, beating estimates by $0.20, while revenue of $305.55 million for the quarter came in above expectations by $25.73 million. Consolidated net sales for the full year reached $1.1 billion, ticking over $1 billion for the first time in company history. “Fiscal 2021 was a banner year that we believe has established a solid foundation for growth at The Container Store,” CEO Satish Malhotra said. “While fiscal 2022 will be a unique year as we contend with a dynamic macro backdrop, we will focus on our strategic initiatives to drive growth and market share gains.” He added that the company still has significant room to grow as it addresses a $20 billion

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The Container Store shares surge on big earnings beat