Container Store shares rally on full-year earnings outlook

Container Store Group Inc. shares rallied in the extended session Monday after the storage and organization products retailer’s earnings outlook topped Wall Street estimates. Container Store shares jumped 22% to $7.10 after hours. The company forecast fiscal 2016 earnings of 20 cents to 30 cents a share on revenue of $830 million to $845 million. Analysts surveyed by FactSet had estimated earnings of 20 cents a share on revenue of $861.4 million. For the fiscal fourth quarter, Container Store reported earnings of 20 cents a share on revenue of $232.1 million. Analysts had forecast earnings of 20 cents a share on revenue of $230.8 million.

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