Container Store Sees Wider Losses but Presses On With Turnaround Efforts
It's always difficult for struggling companies to implement successful turnaround plans. Organizational-products retail specialist Container Store Group (NYSE: TCS) has worked hard to try to get itself moving in the right direction, even though progress has come in fits and starts and with numerous setbacks along the way. More recently, Container Store has worked at trying to focus on controlling costs, and those efforts have gone over well with investors.
Coming into Wednesday's fiscal first-quarter financial report, Container Store investors were prepared for wider losses, but they wanted to see gains in revenue that pointed toward further milestones along the path to a full recovery. Container Store's results didn't entirely live up to those expectations, but they also still allowed investors to remain hopeful about the future of the company. Let's take a closer look at Container Store Group and what its results have to say about its potential rebound.
Image source: Container Store.
Source: Fool.com
Container Store Gr. Stock
With 0 Sell predictions and 1 Buy predictions the community sentiment towards the Container Store Gr. stock is not clear.
As a result the target price of 1 € shows a slightly positive potential of 18.34% compared to the current price of 0.85 € for Container Store Gr..
