Tupperware Withdraws Its Outlook. There’s Too Much ‘Operational Uncertainty.’


Shares of Tupperware Brands plummeted Wednesday after the company posted an earnings miss and withdrew guidance for the year.

Tupperware’s (ticker: TUP) net sales for the quarter decreased 16% year over year to $348.1 million, below estimates calling for $357 million, according to FactSet. Adjusted earnings per share were 12 cents, well under the forecast for 52 cents. The company attributed the weak performance to Covid-19 lockdowns in China, rising input costs, and sales impacts related to the war in Ukraine.


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