The Container Store Group, Inc. (NYSE: TCS) (the "Company") today announced that it plans to release preliminary unaudited selected financial results for the fourth quarter and fiscal year ended March 28, 2020 ("fiscal 2019") after market close on Tuesday, May 12, 2020.
In addition, senior management intends to provide further commentary with pre-recorded remarks which, along with supplemental slides, will be made available online at investor.containerstore.com.
Given the timing of COVID-19 and the impact on the Company’s business, the Company is still finalizing its annual closing procedures, including its impairment analysis and final tax provision. The Company expects to file its Form 10-K in the coming weeks, and may rely on the Securities and Exchange Commission’s relief for companies that are unable to meet a filing deadline due to circumstances related to COVID-19.
About The Container Store, Inc.
The Container Store (NYSE: TCS) is the nation’s leading retailer of storage and organization products – a concept they originated in 1978. Today, with locations nationwide, the retailer offers more than 11,000 products designed to help customers accomplish projects, maximize their space and make the most of their home. The Container Store also offers a full suite of custom closets designed to accommodate all sizes, styles and budgets. Visit www.containerstore.com for more information about store locations, the product collection and services offered. Visit www.containerstore.com/blog for inspiration, tips and real solutions to everyday organization challenges, and www.whatwestandfor.com to learn more about the company’s unique culture.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation statements regarding the Company’s plans to release preliminary unaudited selected financial results, and commentary and information related thereto, and the filing of its Annual Report on Form 10-K for fiscal 2019. These forward-looking statements are based on management’s current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, the following: the COVID-19 pandemic and the associated impact on our business, results of operations and financial condition and the other important factors discussed under the caption "Risk Factors" in our Annual Report on Form 10‑K filed with the Securities and Exchange Commission, or SEC, on May 30, 2019, and our other reports filed with the SEC. These factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management’s estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this press release.
The Container Store Group, Inc.
Felipe Avila, 972-538-6674