Tupperware Brands to delay filing Form 10-Q

Tupperware Brands is unable to file its Quarterly Report on Form 10-Q for the quarter ended June 29, 2024 by the prescribed due date. The company previously disclosed on Forms 12b-25 filed on March 29, 2024 and May 10, 2024 that it would be unable, without unreasonable effort or expense, to complete and file its Annual Report on Form 10-K for the fiscal year ended December 30, 2023 and its Quarterly Report on Form 10-Q for the quarter ended March 30, 2024, respectively, by the prescribed due dates. The company continues to experience significant liquidity challenges, and continues to have substantial doubt about its ability to continue as a going concern. In addition, the company’s accounting department has experienced, and continues to experience, significant attrition, including the recent departure of its CFO, resulting in resource and skill set gaps, strained resources, and a loss of continuity of knowledge. In light of these circumstances, the company has been focusing, and continues to focus its efforts on (i) engaging in discussions with potential investors and financing partners with respect to potential financing transactions, including securing short-term bridge financing, as most recently described in the company’s Current Report on Form 8-K filed on August 14, 2024, and (ii) executing its strategic turnaround plan, as described most recently in the company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2023, filed on March 29, 2024. As a result, the Company is unable, without unreasonable effort or expense, to complete and file the Q2 2024 Form 10-Q by the prescribed due date.