Financial Performance - Net sales for the thirteen weeks ended December 30, 2023, were $214.9 million, a decrease of 14.8% compared to $252.2 million for the same period in 2022[88]. - Gross profit for the thirty-nine weeks ended December 30, 2023, was $366.4 million, down 18.1% from $448.0 million in the prior year[88]. - The company reported a net loss of $6.4 million for the thirteen weeks ended December 30, 2023, compared to a net income of $4.2 million for the same period in 2022[88]. - Adjusted EBITDA for the thirteen weeks ended December 30, 2023, was $12.8 million, down from $22.2 million in the same period of 2022[94]. - Net sales for the thirty-nine weeks ended December 30, 2023 decreased by $145,800, or 18.5%, totaling $641,742[109]. - TCS net sales decreased by $36,786, or 15.4%, with comparable store sales down 16.8%, including a 26.3% decrease in online sales[100]. - Gross profit for the thirteen weeks ended December 30, 2023 decreased by $18,224, or 12.7%, while consolidated gross margin increased to 58.3% from 56.9%[101]. Expenses and Costs - Selling, general, and administrative expenses for the thirty-nine weeks ended December 30, 2023, were $332.5 million, a decrease of 8.2% from $362.1 million in the same period of 2022[88]. - Selling, general, and administrative expenses (excluding depreciation and amortization) increased to 52.0% of net sales from 48.2% year-over-year, reflecting higher operational costs[89]. - The company incurred impairment charges of $23.4 million for the thirty-nine weeks ended December 30, 2023, which were not present in the prior year[88]. - A non-cash goodwill impairment charge of $23,447 was recorded in the thirty-nine weeks ended December 30, 2023, compared to zero in the same period of 2022[114]. - Interest expense for the thirty-nine weeks ended December 30, 2023, increased to $15.4 million from $11.4 million in the previous year, reflecting a rise of 35.5%[88]. Store Operations - The company operates 100 stores as of December 30, 2023, with an average size of approximately 24,000 square feet[83]. - The number of stores at the end of the period remained stable at 100, unchanged from the previous year[89]. - The company opened two new stores during the third fiscal quarter of 2023 and plans to open two additional small format stores and four new stores in fiscal 2024[123]. Cash Flow and Capital Expenditures - Net cash provided by operating activities was $26,673 for the thirty-nine weeks ended December 30, 2023, compared to $18,856 for the same period in 2022[126]. - Total capital expenditures for the thirty-nine weeks ended December 30, 2023 were $33,376, with $16,700 allocated for store investments and $12,078 for technology[132]. - The company generated negative free cash flow of $6,703 for the thirty-nine weeks ended December 30, 2023, an improvement from negative free cash flow of $27,702 in the prior year[140]. - The company expects total capital expenditures to be in the range of $40,000 to $45,000 for technology infrastructure and new store development in fiscal 2023[121]. Debt and Credit Facilities - As of December 30, 2023, the company had $75,980 of unused borrowing availability under the Revolving Credit Facility[125]. - The aggregate principal amount in outstanding borrowings under the Senior Secured Term Loan Facility was $160,185 as of December 30, 2023[142]. - The aggregate principal amount of the Revolving Credit Facility is $100,000, with borrowings accruing interest at 1.25% plus SOFR[146]. - The Revolving Credit Facility allows for swing line advances of up to $15,000 and the issuance of letters of credit of up to $40,000[147]. - As of December 30, 2023, the company was in compliance with all covenants under the Revolving Credit Facility, with no Event of Default occurring[150]. Future Strategies - Future strategies include focusing on market expansion and new product development to enhance overall performance and mitigate losses[91].

The Container Store Group, Inc. (NYSE:TCS) Q3 2023 Results Conference Call February 6, 2024 4:30 PM ET Company Participants Caitlin Churchill - IR Satish Malhotra - CEO Jeff Miller - CFO Conference Call Participants Christopher Horvers - JP Morgan Kate McShane - Goldman Sachs Steven Forbes - Guggenheim Securities Operator Greetings, and welcome to The Container Store Third Quarter 2023 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ 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 charter) (State or ot ...

The Container Store Group, Inc. (NYSE:TCS) Q2 2023 Earnings Conference Call October 31, 2023 4:30 PM ET Corporate Participants Caitlin Churchill - IR, ICR Satish Malhotra - President and Chief Executive Officer Jeff Miller - Chief Financial Officer Conference Call Participants Emily Ghosh - Goldman Sachs Operator Greetings, and welcome to The Container Store Second Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal ...

Q2 Fiscal 2023 Results (continued) Forward-Looking Statements • Q2 Fiscal 2023 Financial Results • Strategic Priorities Update • Q3 & Full Year Fiscal 2023 Financial Outlook • Appendix Q2 Fiscal 2023 Financial Results []] C 3 2 3 and the problem of the states Q2 Fiscal 2023 Results $219.7M Consolidated Net Sales ($0.48) Net Loss Per Diluted Share** | --- | --- | |-------|-------| | | | | $0.01 | | 19.4% decrease vs. Q2-22 $0.79 decrease vs. Q2-22 $0.27 decrease vs. Q2-22 57.6% Gross Margin (8.1%) Operating ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) For the transition period from to Commission File Number: 001-36161 THE CONTAINER STORE GROUP, INC. (Exact name of registrant as specified in its charter) Delaware 26-0565401 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 500 Freeport Parkway, Coppell, TX 75019 ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1 ...

Confidential ©2023 The Container Store Inc. All rights reserved. 20 Below is a reconciliation of the non-GAAP financial measures of adjusted net (loss) income and adjusted net (loss) income per common share – diluted to the GAAP financial measures of net (loss) income and net (loss) income per common share - diluted: ש The Container Store® AUGUST 1, 2023 This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained ...

Start Time: 16:30 January 1, 0000 5:07 PM ET The Container Store Group, Inc. (NYSE:TCS) Q1 2023 Earnings Conference Call August 01, 2023, 16:30 PM ET Company Participants Satish Malhotra - President and CEO Jeff Miller - CFO Caitlin Churchill - IR, ICR Conference Call Participants Steven Forbes - Guggenheim Securities Ryan Meyers - Lake Street Capital Markets Kate McShane - Goldman Sachs Operator Greetings, and welcome to The Container Store First Quarter 2023 Earnings Call. At this time, all participants a ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended April 1, 2023 or ☐ 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 Charter) | Delaware | 26-0565401 | ...

The Container Store Group, Inc. (NYSE:TCS) Q4 2022 Earnings Conference Call May 16, 2023 4:30 PM ET Company Participants Caitlin Churchill - Investor Relations, ICR Satish Malhotra - President and Chief Executive Officer Jeff Miller - Chief Financial Officer Conference Call Participants Anders Myhre - Guggenheim Partners Ryan Meyers - Lake Street Capital Markets Kate McShane - Goldman Sachs Christopher Horvers - JPMorgan Operator Greetings and welcome to The Container Store Fourth Quarter 2022 Earnings Call ...