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Container Store Q4 profit drops; will open nine new stores
Coppell, Texas – Higher selling, general and administrative (SG&A expenses) helped drive down net income at The Container Store Inc. during the fourth quarter of fiscal 2014, and the retailer expects open nine new stores and relocate one store during fiscal 2015. The Container Store reported net income of $13 million, down 29% from $18.3 million in the same quarter the prior year.
Net sales totaled $224.26 million, up 3% from $216.82 million. Same-store sales dropped 0.8%.

