Container Store Group, Inc.
investor.containerstore.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q2 FY2024 10-Q, filed Oct 30, 2024. Its latest SEC filing is a SCHEDULE 13G/A from Feb 12, 2025.
10-Q for Q2 FY2024, filed Oct 30, 2024
The sections below describe the company as of the FY2023 annual report.
What Did They Do?
Sells storage and organization products and custom spaces, plus in-home design, installation, and organizing services, primarily to homeowners.
10-K for FY2023, filed May 28, 2024
How Did They Make Money?
Customers buy merchandise through stores and online; sales count when customers receive or are delivered their orders. Installation and other services count when completed, while sales of manufactured products count when shipped.
10-K for FY2023, filed May 28, 2024
$847.8M
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10-K for FY2023, filed May 28, 2024
$847.8M ↗
Who Were Their Customers?
Customers are primarily homeowners, who shop in stores or directly through the website, mobile app, call center, and in-home specialists. Elfa sells wholesale to retailers internationally.
10-K for FY2023, filed May 28, 2024The Container Store is the nation’s only retailer with a solution-oriented offering of custom spaces, organizing solutions, and in-home…View ↗
The Container Store (“TCS”) consists of our retail stores, website and call center (which includes business sales), as well as our in-home…View ↗
We are a multi-channel retailer, with a fully-integrated website, responsive mobile site and app and call center to complement our physical…View ↗
The Elfa segment includes the manufacturing business that produces elfa® brand products that are sold domestically exclusively through the…View ↗
Did Revenues Turn Into Profits?
Not on paper. It lost $103.3M in FY2023, but brought in more cash than it spent: $6.9M of free cash flow.
10-K for FY2023, filed May 28, 2024
−$104.7MView ↗
10-K for FY2023, filed May 28, 2024
−$103.3MView ↗
10-K for FY2023, filed May 28, 2024
$6.9MView ↗
How Were They Changing?
- Net income
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Sources
10-Q for Q2 FY2024, filed Oct 30, 2024
−$16.1MView ↗
- ▼ −32% (Loss)
- vs −$23.7M in Q2 FY2023
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Jan 29, 2025
Emerges from Chapter 11 under lender ownership
The company completed its financial restructuring and became a private company owned by its lenders.
Sources
8-K, filed Jan 29, 2025
COPPELL, Texas--(BUSINESS WIRE)--The Container Store Group, Inc. (“The Container Store” or “the Company”), the nation’s leading retailer of…View ↗
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Dec 23, 2024
Company and subsidiaries file for Chapter 11 protection
They filed for a court-supervised reorganization plan that proposed canceling existing common shares.
Sources
8-K, filed Dec 23, 2024
On December 21, 2024, The Container Store Group, Inc. (the “Company”) and certain of its domestic subsidiaries (collectively with the…View ↗
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Dec 10, 2024
NYSE begins delisting the company’s stock
Trading was suspended, and the company chose not to appeal the delisting determination.
Sources
8-K, filed Dec 10, 2024
On December 9, 2024, the New York Stock Exchange (the “NYSE”) notified The Container Store Group, Inc. (the “Company”), that it had…View ↗
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Nov 21, 2024
Company no longer expects the Beyond transaction to close on announced terms
The company said it did not expect the closing conditions to be met or the transaction to proceed on the previously disclosed terms.
Sources
8-K, filed Nov 21, 2024
As previously disclosed, on October 15, 2024, The Container Store Group, Inc. (the “Company”) entered into a securities purchase agreement…View ↗
Held flat. Revenue was $847.8M in FY2023, about the same as the $916M of FY2019.
Broader custom-space offering
The latest report describes Custom Spaces, including premium wood-based Preston products, while the older report centered on Custom Closets and named closet lines.
10-K for FY2020, filed Jun 3, 2021 10-K for FY2023, filed May 28, 2024
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