Despite store closures amid a damaging hurricane season, The Container Store topped analysts’ estimates for its second quarter.
For the second quarter ended September 30, the retailer reported that
net sales rose 6.5% to a better-than-expected $218.4 million. Net sales
in company’s retail business rose 7% to $202.3 million.
Same-store sales rose 1.9% — including the negative impact of the
hurricanes. The company estimates that the comparable store sales
headwind from the combined impact of Hurricane Harvey in Texas and
Hurricane Irma in Florida was approximately 70 basis points.. . . more