Tupperware Shares Surge as Company Pushes Turnaround Effort

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Tupperware shares rose more than 60% as the company reported higher net income, helped by cost cuts

Tupperware Brands Corp. shares jumped 68% Wednesday after the company said that it weathered coronavirus-related shutdowns in the second quarter and that it was looking for ways to deal with about $500 million in debt obligations coming due next year.

The company reported $397.4 million in sales for the second quarter, down from $475.3 million a year earlier. Sales in local currencies would have been flat had it not been for the pandemic, and people who sell its wares became more productive in the quarter by using digital...

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 /  🏆 98. in MY
 

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🇺🇸💲!!!

I made this call months ago...

Sold all my shares a few weeks ago after bag holding forever. Never saw this coming

Want 2 know why the US is in this mess-

Where is Tupperware manufactured? Hmmm

That was obvious. Smacking myself for missing it.

But no more than 10 to a Tupperware party!

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Source: Reuters - 🏆 2. / 97 Read more »