Uncontained slide for The Container Store after earnings dud

• The Container Store (NYSE:TCS) is down 23% in premarket trading after reporting an unexpected loss for FQ3.
• Though management said "unusual" expenses during the quarter aren't expected to reoccur, investors aren't giving the company the benefit of the doubt.
• Guidance from The Container Store is for full-year revenue of $785M-$795M vs. $800M-$815M prior and $802.7M consensus.
• Shares of TCS are swapping hands at $5.30 vs. a post-IPO high of $23.50.
• Previously: The Container Store misses by $0.09, misses on revenue (Jan. 07 2016)