The Container Store is crashing


Business Insider: The retailer’s shares were down more than 19%; it reported revenue of $193.2 million against expectations of $199.2 million.

Share this article!

Business Insider: The retailer’s shares were down more than 19%; it reported revenue of $193.2 million against expectations of $199.2 million.

In a press release, Container Store CEO Kip Tindell said: “We continue to be encouraged as we move closer to our important fourth quarter where we’ll be comping against last year’s weather, which impacted traffic and sales more than at any time in our history. Historically, over 60 percent of our net income has been derived in the fourth quarter and we expect it to derive approximately 70 percent of our reported net income this year. We’ll continue to maximize every customer interaction while also focusing on the long-term health and growth opportunities of our business, as well as on our beloved employees and culture.”

Read more here.

 




Latest from Oregon Business Team