The Container Store sent shockwaves through U.S. stock market Tuesday by losing 25 percent of its share price overnight on the heels of disappointing earnings, but the most recent volatility is nothing new for founder Kip Tindell.
While the storage and organization-products retailer watched its stock price fall to $16.29 in aftermarket trading Monday--its lowest level this year--shares of The Container Store have priced even lower as recently as last October.
One of the reasons for the stock tumble Tuesday is thought to be winter storms that kept consumers from shopping during a critical sale period, according to the company--as opposed to waning demand for its products.
In an interview with Inc. last November, Tindell explained that The Container Store's stock price has surged and plummeted ever since the company first went public in late 2013. In fact, on its first day of trading, the price per share doubled from $18 to $36.
"The extent of the volatility has been somewhat surprising to all of us, but we're medium- to long-term oriented," he said. "We've never felt more confident of our business model or our future."
To hear more about Tindell's business philosophy, check out the video below.