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.
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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.
