The Container Store filed for Chapter 11 bankruptcy protection on Sunday in an attempt to save the business and ensure future profitability. The move had been anticipated by Wall Street analysts as the retailer's financial struggles continued to grow. The Texas-based company with 103 stores across 34 states and the District of Columbia sells storage products and custom closets.The Container Store said this doesn't mark the end of the retailer. The company said it filed for voluntary protection under Chapter ...

The Container Store filed for Chapter 11 bankruptcy protection — the latest retail chain to buckle as inflation-weary shoppers pare back discretionary spending on home remodeling.The storage and organizational goods retailer, which has roughly 100 stores around the country, has seen demand plunge in a rough housing market, where soaring prices and elevated mortgage rates have stunted sales.The Texas-based company, founded in 1978, said in a press release that it needed to refinance its debt to “bolster its ...

The Container Store rapidly gained fame through the success of Netflix's "Tidying Up" series. Today, it could be the next big retailer to go bankrupt.   The retail chain, which offers a range of custom spaces, organizational solutions and in-home services, is contending with a weaker housing market and a growing availability of cheaper alternatives. The company touts itself as the "nation's only home storage retailer with a solution-oriented approach." But Eric Snyder, partner at New York City-based Wilk Au ...

The Container Store may be the next home goods chain to file for bankruptcy as a weak housing market and inflated prices hurt sales, according to a report.The Coppell, Texas-based chain enjoyed a pandemic-induced boost in 2020 and 2021 when consumers, stuck inside their homes, took inspiration from Marie Kondo’s Netflix hit “Tidying Up” and de-cluttered their spaces in a frenzy.But a weak housing market has resulted in fewer people moving houses – resulting in smaller sales of bins and dividers. American co ...

The Container Store Group, Inc. (TCS) posted second-quarter fiscal 2024 results, wherein the top line missed the Zacks Consensus Estimate and declined year over year. The company posted a wider-than-expected loss per share and declined year over year. However, TCS witnessed sequential improvement in the second quarter of fiscal 2024, with Custom Spaces outperforming based on the customer demand and orders placed. Nonetheless, the company still reported yearover-year growth in undelivered orders to customers ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 28, 2024 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________to________ Commission File Number: 001-36161 THE CONTAINER STORE GROUP, INC. (Exact name of registrant as specified in its chart ...

The Container Store Group, Inc. (NYSE:TCS) Q2 2024 Earnings Conference Call October 29, 2024 4:30 PM ET Company Participants Caitlin Churchill - IR Satish Malhotra - CEO Jeff Miller - CFO Conference Call Participants Kate McShane - Goldman Sachs Operator Greetings and welcome to Container Store's Second Quarter 2024 Earnings Call. At this time, all participants are in a listen only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conf ...

Container Store Group (TCS) came out with a quarterly loss of $3.23 per share versus the Zacks Consensus Estimate of a loss of $0.05. This compares to earnings of $0.15 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -6,360%. A quarter ago, it was expected that this storage products retailer would post a loss of $2.70 per share when it actually produced a loss of $3.90, delivering a surprise of -44.44%. Over the last four qua ...

ש The Container Store® Q2 Fiscal Year 2024 Earnings Presentation NYSE: TCS OCTOBER 29, 2024 Forward-Looking Statements This presentation contains forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 . All statements contained in this presentation that do not relate to matters of historical fact should be considered forward looking statements, including statements regarding our future opportunities and expectations for our business, marketing initiatives and b ...

Exhibit 99.1 ORGANIZING SOLUTIONS | CUSTOM SPACES | IN-HOME SERVICES The Container Store Group, Inc. Announces Second Quarter 2024 Financial Results Second quarter consolidated net sales of $196.6 million, down 10.5% compared to the second quarter of fiscal 2023, including 20 basis points of positive foreign exchange impact Comparable store sales^ down 12.5% compared to the second quarter of fiscal 2023 Second quarter loss per share of $4.85 compared to loss per share of $7.17 in the second quarter of fisca ...