TCS - The Container Store Was Helped By A One-Time Event
- The company was positively impacted by the airing of Netflix’s The Home Edit show at the beginning of September.
- That was an overnight improvement from July and August, with sales down in the low-single digits at the beginning of Q2.
- From a valuation point of view, the company trades at a forward earnings multiple of 20x based on an expected EPS of $0.44.
- We believe the company is currently overvalued and would recommend investors not to chase the stock.
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The Container Store Was Helped By A One-Time Event