Is the party over for Tupperware? The longstanding household name is facing serious financial turmoil.
that net sales were down 18% for the full year in 2022, while net sales for the fourth quarter of 2022 alone were down an even higher 20%. Now, Tupperware says that it may not have sufficient cash for the near future due to increased borrowing costs and the"volatility" in its earnings.
Securities and Exchange Commission. While Tupperware said that it plans to file the form within the next 30 days, it noted that"Tupperware shares plummeted 50% on Monday in the wake of the gloomy warning about the company's future,If Tupperware does end up going out of business, it would mark the end of a brand that has been around for nearly 80 years.
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