Loading...

Container Store explodes higher after sales beat, layoff announcement - kawan-kawan Hallo JOHOR BAHARU NEWS, Dalam artikel yang anda baca kali ini dengan tajuk Container Store explodes higher after sales beat, layoff announcement, Kami sediakan artikel ini untuk anda membaca dan mendapatkan maklumat di dalamnya. Mudah-mudahan kandungan posting Artikel Berita, Artikel ekonomi, Artikel kesihatan, Artikel maklumat umum, Artikel politik, Artikel sukan, Kami menulis ini, anda boleh memahami. Baiklah, membaca baik.

Tajuk : Container Store explodes higher after sales beat, layoff announcement
link : Container Store explodes higher after sales beat, layoff announcement

Container Store explodes higher after sales beat, layoff announcement

Flickr/David

The Container Store

The Container Store Group‘s stock surged 37% to $5.67 a share after the company reported fourth-quarter results that beat analysts’ expectations and announced a restructuring plan.

Net sales for the period were $221 million, exceeding consensus estimates of $213 million. The specialty retail chain also provided full-year 2017 guidance, saying net sales would be between $830 million to $850 million, and forecasting earnings per share of $0.25 to $0.35. Both beat analyst estimates.

“We are very pleased to have completed fiscal 2016 with strong fourth quarter performance that exceeded our expectations across all financial metrics,” CEO Melissa Reiff said in a statement. “We have initiatives in progress to drive sales productivity improvements.”

The Container Store also announced a four-part optimization plan to boost profits, which includes sales initiatives, the elimination of certain full-time positions, organization realignment at shelving subsidiary Elfa, as well as savings efforts. The company forecasts that the plan will result in annualized pre-tax savings of $20 million, of which roughly $12 million to $15 million will be realized in 2017.

The stock surge is good news for Container Store shareholders, who have seen the company’s price plunge by almost 50% since reaching an almost one-year high on December 9.

Markets Insider

 

 

NOW WATCH: Here’s the workout routine a retired US Navy admiral uses to stay in tip-top shape

Please enable Javascript to watch this video

Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.

✍ Sumber Pautan : ☕ Business InsiderBusiness Insider

Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2qbFz9h

(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!

Thus Article Container Store explodes higher after sales beat, layoff announcement

Itulah artikel Container Store explodes higher after sales beat, layoff announcement Kali ini, mudah-mudahan dapat memberikan manfaat kepada anda semua. dengan baik, melihat anda dalam menghantar barang-barang lain.

Anda sedang baca artikel Container Store explodes higher after sales beat, layoff announcement dengan alamat pautan https://johorbaharunews.blogspot.com/2017/05/container-store-explodes-higher-after.html

Tweet

Subscribe to receive free email updates: