Container Store plunges on earnings miss, levels to watch In the extended session shares were last down over 23% to $16.58 after the company delivered earnings and outlook that disappointed. At current price next support is at $15.49, the 52-week low. Resistance is at $17.
Container Store sees Q1 EPS (12c)-(14c), consensus (6c) Company sees Q1 comparable store sales down 3% to 4% including an estimated 1.0% comparable store sales impact associated with the port delays. Q1 EPS loss includes an estimated 2c per diluted common share impact from initiative spend as well as an estimated 1c per diluted common share impact from lost sales and higher freight costs associated with the port delays.