Container Store Overcomes Hurricanes as Growth Accelerates
2017 has been an interesting year for Container Store Group (NYSE: TCS). The retailer of organizational products started out the year on a down note, but has remained vigilant in its efforts to turn around its operations and find a path toward renewed growth. Even in a tough environment for retailers in general, Container Store has kept looking for opportunities to restore its former growth.
Coming into Tuesday's fiscal second-quarter financial report, Container Store investors wanted to see modest profits on solid gains in revenue. Even though the company faced some challenges due to storms during the period, its results were encouraging, and it boosted its guidance for the full year in anticipation of even better conditions ahead. Let's look more closely at how Container Store Group did and what lies ahead for the organizational retailer.
Image source: Container Store.
Source: Fool.com
Container Store Gr. Stock
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Based on the current price of 0.42 € the target price of 1 € shows a potential of 136.97% for Container Store Gr. which would more than double the current price.
