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Actionable news in TCS: THE CONTAINER STORE GROUP Inc,

Container Store Stock Gains, Q2 Sales Helped by Closets Business

Shares of The Container Store (TCS) were up 1% to $5.04 in early-afternoon trading on Thursday after the company posted better-than-expected earnings for the 2016 fiscal second quarter after yesterday's market close and issued upbeat guidance.

Earnings beat on reduced expenses, while the specialty retailer's closets business helped sales, according to Jefferies. The firm said the company's closets segment is now a significant contributor to comparable-store sales, but its underlying core business remains...