The container maker said there’s “substantial doubt about the company’s ability to continue as a going concern.”
Tupperware shares fell nearly 50% Monday following a bleak warning that its future is looking murky.
The New York Stock Exchange also warned that Tupperware’s stock is in danger of being de-listed for not filing a required annual report. Several issues are hurting Tupperware, including a “sharp decline in the number of sellers, a consumer pullback on home products, and a brand that still does not fully connect with younger consumers,” according to Neil Saunders, retail analyst and managing director at GlobalData Retail.
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