Why The Container Store Stock Rallied 18% at the Open Today

Reuben Gregg Brewer, The Motley Fool
·2 min read
Why The Container Store Stock Rallied 18% at the Open Today
Why The Container Store Stock Rallied 18% at the Open Today

Shares of home organization retailer The Container Store (NYSE: TCS) rose 18% out of the gate on Oct. 21. COVID-19 has left consumers stuck hiding at home and largely out of physical stores. The company's fiscal first-quarter results highlighted the issue, with overall sales down 27.6% year over year but online sales up nearly 200%.