Tupperware Brands Corp. stock undefined tumbled 11% in premarket trade Monday, after the maker of food storage products issued a going-concern warning late...
Tupperware Brands Corp. stock tumbled 11% in premarket trade Monday, after the maker of food storage products issued a going-concern warning late Friday, saying it has hired financial advisers to help navigate its near-term challenges. The company had said in March when reporting fourth-quarter numbers that it had identified weakness in internal control over financial reporting and that it expected to restate prior financials.
The company had said in March when reporting fourth-quarter numbers that it had identified weakness in internal control over financial reporting and that it expected to restate prior financials. On Friday, it said it had embarked on a journey to turn around its operations and to address its capital and liquidity positions.
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