TCS - The Container Store stock dips despite earnings revenue beat & positive outlook

The Container Store ([[TCS]] -11.2%) FQ4 consolidated net sales increased 30.4% Y/Y to $314.7M; TCS net sales rose 31.3% with other product categories up 41.6% and Custom Closets up 22.2%; online sales increased 72.2%.The stock garnered 4.6% gains in post-market session on Mar.19.Consolidated gross margin expanded 30 basis points to 59.3% led by realization of more intercompany profit on sales of elfa product.Net income increased 180% to $35.1M compared to $12.5M in year ago quarter.FY20 net sales rose 8.1% to $990.1M while EPS (diluted) stood at $1.17 and adj. EPS of $1.24 compared to $0.30 in year ago quarter.FY20 operating cash flow of $138.3M and free cash flow of $121.1M.Q1 Outlook: The company expects sales growth of ~50% Y/Y; EPS is expected to be ~$0.08 or $0.09 on an adjusted basis.Quant rating is Bullish on the stock.In the last week, the company entered into partnership to enhance post-purchase experience.Previously: The Container Store EPS beats by $0.14, beats on revenue (May 18)

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The Container Store stock dips despite earnings, revenue beat & positive outlook