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THE CONTAINER STORE GROUP, INC.

(TCS)
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Container Store : Joins U.S. EPA Green Power Partnership

09/21/2021 | 08:15am EST

The company’s green power use is equivalent to the electricity use of more than 5,000 average American homes annually.

The Container Store, leading specialty retailer of storage and organization solutions and custom closets, announced today they joined the U.S. Environmental Protection Agency’s Green Power Partnership. The Container Store is using more than 57 million kilowatt-hours (kWh) of green power annually, which is enough green power to meet 100 percent of the organization's electricity use. By choosing green power, The Container Store is helping lead the transition to a cleaner energy future.

As part of The Container Store’s commitment and effort, all of their stores, distribution centers, and corporate office power is offset by an investment in 100% renewable energy, powered by one of the cleanest power sources: wind.

“The Container Store is passionate about the environment and is fully committed to reducing the overall footprint of our operations,” said President and CEO, Satish Malhotra. “We are proud to join the EPA’s Green Power Partnership. Using green power helps further reduce our organization's emissions footprint.”

By joining the voluntary green power market, The Container Store and other Green Power Partners are helping to reduce the negative health impacts of air emissions on people and the environment.

According to the U.S. EPA, The Container Store’s green power use is equivalent to the electricity use of more than 5,000 average American homes annually.

About The Container Store

The Container Store Group, Inc. (NYSE:TCS) is the nation’s leading specialty retailer of storage and organization products and solutions, and custom closets – a concept they originated in 1978. Today, with locations nationwide, the retailer offers more than 11,000 products designed to transform lives through the power of organization.

Visit www.containerstore.com for more information about products, store locations services offered and real-life inspiration.

Follow The Container Store on Facebook, Twitter, Instagram, TikTok, YouTube, Pinterest and LinkedIn.

About EPA’s Green Power Partnership

The Green Power Partnership is a partnership program that helps increase green power use among U.S. organizations to advance the American market for green power and development of those sources as a way to reduce air pollution and other environmental impacts associated with electricity use. In 2020, the Partnership had more than 700 Partners voluntarily using nearly 70 billion kilowatt-hours of green power annually. Partners include a wide variety of leading organizations such as Fortune 500® companies; small and medium sized businesses; local, state, and federal governments; and colleges and universities. For additional information, please visit www.epa.gov/greenpower.


ę Business Wire 2021
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Financials (USD)
Sales 2022 1 052 M - -
Net income 2022 66,5 M - -
Net Debt 2022 306 M - -
P/E ratio 2022 8,60x
Yield 2022 -
Capitalization 575 M 575 M -
EV / Sales 2022 0,84x
EV / Sales 2023 0,79x
Nbr of Employees 3 650
Free-Float 60,6%
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Technical analysis trends THE CONTAINER STORE GROUP, INC.
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 3
Last Close Price 11,35 $
Average target price 13,25 $
Spread / Average Target 16,7%
EPS Revisions
Managers and Directors
Satish Malhotra President, Chief Executive Officer & Director
Jeffrey A. Miller Chief Financial Officer
Robert E. Jordan Chairman
Dhritiman Saha Chief Information Officer & Executive VP
Timothy J. Flynn Independent Director
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