Tupperware Brands Corp.

Ticker: TUP

Class Period Start: 11/03/2022

Class Period End: 05/03/2022

Registration Deadline: 08/15/2022

On May 4, 2022, Tupperware announced its first quarter earnings report. The Company reported its revenue at $348.1 million – down 16% compared to year over year growth in Q1 2021. This number significantly missed Wall Street’s expectations, which were just short of $357 million. Tupperware reported adjusted earnings per share of $0.12, down from $0.81 in the first quarter of 2021. Additionally, Tupperware withdrew its full-year adjusted earnings forecast, citing its quarterly performance and the external factors at play. In light of this news, the price of Tupperware shares declined by $5.76 per share, or approximately 32.16%, from $17.91 per share to $12.15 per share at close on May 4, 2022.

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