The Container Store Group, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended October 02, 2021
November 02, 2021 at 04:05 pm EDT
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The Container Store Group, Inc. reported earnings results for the second quarter and six months ended October 02, 2021. For the second quarter, the company reported sales was USD 275.95 million compared to USD 248.24 million a year ago. Net income was USD 27.2 million compared to USD 20.2 million a year ago. Basic earnings per share from continuing operations was USD 0.55 compared to USD 0.42 a year ago. Diluted earnings per share from continuing operations was USD 0.54 compared to USD 0.41 a year ago.
For the six months, sales was USD 521.27 million compared to USD 399.93 million a year ago. Net income was USD 44.87 million compared to USD 3.53 million a year ago. Basic earnings per share from continuing operations was USD 0.91 compared to USD 0.07 a year ago. Diluted earnings per share from continuing operations was USD 0.88 compared to USD 0.07 a year ago.
The Container Store Group, Inc. is a specialty retailer of organizing solutions, custom spaces, and in-home organizing services in the United States. The Company operates through two segments: The Container Store (TCS) and Elfa. TCS segment consists of retail stores, Website, and call center (which includes business sales), as well as its in-home services business. The Elfa segment includes the manufacturing business that produces the elfa brand products that are sold domestically exclusively through the TCS segment as well as on a wholesale basis. This segment designs and manufactures component-based shelving and drawer systems and made-to-measure sliding doors. Its shelving and drawer systems are customizable for any area of the home, including closets, kitchens, offices, and garages. The Company also offers all of its products directly to its customers through its Website, responsive mobile site and application, call center, and in-home design specialists and organizers.
THE CONTAINER STORE GROUP, INC. 
