The Container Store Group Inc. (TCS) on Wednesday reported fiscal second-quarter net income of $3.5 million.
On a per-share basis, the Coppell, Texas-based company said it had net income of 7 cents.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.
The storage products retailer posted revenue of $205.1 million in the period.
Container Store expects full-year earnings to be 20 cents to 30 cents per share, with revenue in the range of $820 million to $830 million.
In the final minutes of trading on Wednesday, the company's shares hit $4.99. A year ago, they were trading at $12.02.