Last10K.com

Container Store Group, Inc. (TCS) SEC Filing 10-K Annual report for the fiscal year ending Saturday, March 1, 2014

Container Store Group, Inc.

CIK: 1411688 Ticker: TCS

Exhibit 99.1

 

 

The Container Store Group, Inc., Announces

Fourth Quarter and Full Fiscal 2013 Financial Results

 

Retailer Raises New Store Growth Guidance; Plans Nationwide Launch of Customer Engagement Program and In-home Organization Services

 

Coppell, TX — April 28, 2014

— The Container Store Group, Inc. (NYSE: TCS) (the “Company”), today announced financial results for the fourth quarter and fiscal year ended March 1, 2014.  Additionally, the storage and organization retailer raised guidance for its new store growth.  Chairman and CEO Kip Tindell also took the opportunity to highlight the company’s financial performance, competitive advantages, key differentiators and the launch of new programs — POP! customer engagement program and ATHOME personalized organization services.

 

“While 2013 was an exciting year for us, due to the historically unusual amount of winter storms, we did conclude the year with a difficult fourth quarter, which is always the most important quarter of our fiscal year.  It was the worst weather we’ve ever seen in our over 35 year history, which impacted nearly all of our stores throughout the country.  These extraordinary weather conditions were exacerbated with the shortened holiday shopping season — with two of the three most important weekends hard hit with weather and store closures,” said Tindell. “However, it’s important to note that our stores in less-weather impacted regions achieved a strong comparable store sales increase, well over plan for the fourth quarter.  It’s also extremely important to understand that, unlike other retailers where January and February are low volume clearance sale months, at The Container Store these months are our most important to sales and profitability as we conduct Our Annual elfa Sale from December 24 through mid-February. In fact, at least 60% of our adjusted net income and approximately 40% of our Adjusted EBITDA have typically been derived during the fourth quarter.”

 

Tindell continued, “We are also happy to announce that we are raising our previously stated 10% plus annual square footage growth guidance to 12% minimum annual square footage growth. Internally, operationally, human resource-wise, execution-wise — 12% annual square footage growth is very achievable and well within our capacity for new store growth.  New store growth is and, always has been, one of our key, core competencies.  Our new store growth traditionally and recently has been among the very highest in the housewares industry and that continues to be the case these past several years.”

 

The fourth quarter and full fiscal year 2013 consisted of 13 weeks and 52 weeks respectively.  This compares to the fourth quarter and full fiscal year 2012 which consisted of 14 weeks and 53 weeks respectively.  The additional week in fiscal 2012 contributed $11.7 million in net sales, approximately $0.03 in adjusted net income per diluted common share and approximately $3.1 million of Adjusted EBITDA.

 

1


The following information was filed by Container Store Group, Inc. (TCS) on Monday, April 28, 2014 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Container Store Group, Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Container Store Group, Inc..

Continue

Assess how Container Store Group, Inc.'s management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Container Store Group, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2014 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income (loss)
Consolidated Statements Of Comprehensive Income (loss) (parenthetical)
Consolidated Statements Of Operations
Consolidated Statements Of Shareholders' Equity
Consolidated Statements Of Shareholders' Equity (parenthetical)
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income (details)
Accumulated Other Comprehensive Income (tables)
Commitments And Contingencies
Commitments And Contingencies (details)
Detail Of Certain Balance Sheet Accounts
Detail Of Certain Balance Sheet Accounts (details)
Detail Of Certain Balance Sheet Accounts (tables)
Employee Benefit Plans
Employee Benefit Plans (details 2)
Employee Benefit Plans (details)
Employee Benefit Plans (tables)
Fair Value Measurements
Fair Value Measurements (details 2)
Fair Value Measurements (details)
Fair Value Measurements (tables)
Foreign Currency Forward Contracts
Foreign Currency Forward Contracts (details)
Goodwill And Trade Names
Goodwill And Trade Names (details 2)
Goodwill And Trade Names (details)
Goodwill And Trade Names (tables)
Income Taxes
Income Taxes (details 2)
Income Taxes (details 3)
Income Taxes (details)
Income Taxes (tables)
Leases
Leases (details)
Leases (tables)
Long-term Debt And Revolving Lines Of Credit
Long-term Debt And Revolving Lines Of Credit (details 2)
Long-term Debt And Revolving Lines Of Credit (details)
Long-term Debt And Revolving Lines Of Credit (tables)
Nature Of Business And Summary Of Significant Accounting Policies
Nature Of Business And Summary Of Significant Accounting Policies (details 2)
Nature Of Business And Summary Of Significant Accounting Policies (details 3)
Nature Of Business And Summary Of Significant Accounting Policies (details)
Nature Of Business And Summary Of Significant Accounting Policies (policies)
Nature Of Business And Summary Of Significant Accounting Policies (tables)
Net Income (loss) Per Common Share
Net Income (loss) Per Common Share (details)
Net Income (loss) Per Common Share (tables)
Quarterly Results Of Operations (unaudited)
Quarterly Results Of Operations (unaudited) (details)
Quarterly Results Of Operations (unaudited) (tables)
Schedule I-condensed Financial Information Of Registrant
Schedule I-condensed Financial Information Of Registrant (details 2)
Schedule I-condensed Financial Information Of Registrant (details 3)
Schedule I-condensed Financial Information Of Registrant (details 4)
Schedule I-condensed Financial Information Of Registrant (details)
Segment Reporting
Segment Reporting (details 2)
Segment Reporting (details)
Segment Reporting (tables)
Shareholders' Equity
Shareholders' Equity (details)
Stock-based Compensation
Stock-based Compensation (details)
Stock-based Compensation (tables)
Subsequent Events
Subsequent Events (details)
Ticker: TCS
CIK: 1411688
Form Type: 10-K Annual Report
Accession Number: 0001047469-14-005201
Submitted to the SEC: Wed May 28 2014 7:00:45 AM EST
Accepted by the SEC: Wed May 28 2014
Period: Saturday, March 1, 2014
Industry: Retail Home Furniture Furnishings And Equipment Stores

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/tcs/0001047469-14-005201.htm