The Container Store Shares Fall After First-quarter Revenue Miss

Shares of The Container Store fell 2.5% after hours Tuesday after the company missed first-quarter revenue expectations. It reported a net loss of $2.06 million, or 4 cents per share, compared to a loss of $5.8 million, or 12 cents per share, in the year-earlier period. This quarter's net loss includes a 5 cent "benefit from new employment arrangements." The FactSet consensus was for a loss of 9 cents. It reported sales of $177.4 million, up from $169.9 million in the year-earlier period, but below the FactSet consensus of $185 million. Shares of The Container Store have fallen 17.6% in the past three months, compared to the S&P 500's gain of 6%.