Tupperware Brands Inc. TUP, +35.62% stock surged a whopping 41% in Wednesday trading after third-quarter profit and sales beat consensus and increased year-over-year.
Chief Executive Miguel Fernandez credited increased home cooking and the need for food storage during the coronavirus pandemic for the results. The broader Dow Jones Industrial Average DJIA, -2.89% plunged 683 points on Wednesday, down 2.5%. Tupperware shares have skyrocketed 248% for the year to date while the Dow is down 6.1% and the S&P 500 index SPX, -2.84% is up 2.4%.
And they wanted to ban plastic worldwide to improve the environment.
Yay, more plastic, landfills of lids.
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Tupperware Brands extends its 2,500% rally after 3rd quarter earnings top estimates - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. good luck
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