Container Store engages in the retailing of storage and organization products in the United States, offering bath, box, closets, collections, containers, food storage, gift packaging, hooks, kitchen, laundry, office, shelving, storage, trash, and travel, as well as elfa branded products. The company was founded in 1978 and is based in Coppell, Texas.
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Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Container Store, Inc. (The) and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
The number of global cases of COVID-19 rose above 4.31 million on Wednesday, as Russia counted another 10,000 infections and Brazil and Mexico suffered their deadliest day since the start of the pandemic.
Thank you for listening to The Container Store's Fourth Quarter Fiscal Year 2019 Preliminary Financial Results and Business Update Call. Melissa Reiff, Chairwoman and Chief Executive Officer; and Jodi Taylor, Chief Financial and Administrative Officer, will provide further commentary on the company's fourth quarter and full year results and will also provide an update on quarter-to-date trends in the business, which we announced with our press release, dated May 12, 2020.