Tupperware (NYSE:TUP), a company known for its plastic food storage solutions, recently disclosed in a Securities and Exchange Commission filing that it might not survive the next year due to potential liquidity issues. The brand has been struggling ever since seeing a brief boom during the COVID-19 lockdowns when a rise in home cooking created more leftovers for people to store.
This announcement was followed up with news of the company’s delayed annual report for 2022, with further delays expected for the Fiscal Year 2023 report. Tupperware attributes this to a tough financial situation and a notable loss of personnel, which has led to a lack of necessary skills and resources.
Is TUP a Good Stock?
A look at TUP’s performance over the past five years indicates that it has not been a good stock to invest in. Indeed, shares are down 94.64% during this timeframe, and the fact that the company has issued concerns about its future certainly doesn’t help.
