No more leftovers? Tupperware is warning it might go out of business

, it lost $28.4 million in its most recent quarter amid higher costs, inflationary pressures and lower sales.

Now, the company says it is exploring all options to regain its financial footing, including accessing new lines of credit, tapping new investors, selling some of its real estate and further cost-cutting. “Tupperware has embarked on a journey to turn around our operations and today marks a critical step in addressing our capital and liquidity position,” Miguel Fernandez, president and chief executive officer of Tupperware Brands, said in the April 7 statement. “The Company is doing everything in its power to mitigate the impacts of recent events, and we are taking immediate action to seek additional financing and address our financial position.

'Legendary' is a ridiculous descriptor for Tupperware. 😨

End of a pyramid scheme

'No more leftovers' Food storage containers are cheap and readily available.

The best use for Tupperware is for storing weed! It is a fantastic way to maintain the cannabis freshness and we must market it as such! TupperwareWW highergtv

So what, that what free markets do. They can Blame Biden for worst economy in decades. Plenty of other companies do same thing, yawn

Have they considered Dylan Mulvaney?

Snapware is a much better storage option since they’re square footprint makes better storage. Plus the lids lock better.

'Legendary' is a ridiculously over-hyped descriptor. 😨

Noooooo!

Competition is rough on an established brand that refuses to innovate. China is coming after your jerb.

Plastic is so 20th Century

Ziploc bags ate their lunch in the market place, though it is hard to eat frozen lasagna out of a microwaved ziploc bag.

Hope they find a solution. The oldest things I have in my kitchen are the Tupperware and wooden spoons from the 60's!

They've priced themselves out of the market. 59.99 for 5 bowls with lids. 34.99 for a salt and pepper set 48.34 for 3 lunch bowls with lids I do not see a new marketing firm fixing them. Not with Rubbermaid and GladWare so affordable and durable.

Tupperware REGULATORS? Schedule F all of these worthless government employees. And then terminate. Rinse. Repeat. Limited government ring a bell?

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Micron, Tesla, Apple, Tupperware and other stocks on the moveTupperware, Micron Technology and Pioneer Resources were among the biggest moving shares on Monday.
مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »

Tupperware stock plunges after warning it could go out of business | CNN BusinessThe 77-year-old company planned to grow its business through multiple retail channels -- like Target -- and get its products in front of younger consumers who’ve never even heard of Tupperware parties. That has failed to work so far. surprised they lasted as long as they did after Gladware came to stores decades ago Tupperwhere? 'You still get the free sailboat though'
مصدر: CNN - 🏆 4. / 95 اقرأ أكثر »

Tupperware’s stock craters after food-storage company warns it may go bustTupperware Brands Corp.'s stock slid 45% Monday to the lowest level in three years. I guess no more people hosting Tupperware parties
مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »

Tupperware stock plunges after warning it could go out of businessTupperware shares fell nearly 40% in early trading Monday following a bleak warning that its future is looking murky.
مصدر: KSLcom - 🏆 549. / 51 اقرأ أكثر »