San Diego, CA -- (SBWIRE) -- 06/09/2022 -- Tupperware Brands Corporation is under investigation over potential securities laws in connection with certain financial statements.

Investors who purchased shares of Tupperware Brands Corporation (NYSE: TUP), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether a series of statements by Tupperware Brands Corporation regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Orlando, FL based Tupperware Brands Corporation operates as a consumer products company worldwide. Tupperware Brands Corporation reported that its annual Total Revenue declined from over $1.74 billion in 2020 to over $1.6 billion in 2021, and that Net Income declined from $112.2 million in 2020 to $18.6 million in 2021.

On May 4, 2022, Tupperware Brands Corporation announced its financial results for the first quarter of 2022. Among other items, Tupperware Brands Corporation reported adjusted EPS from continuing operations and net sales that fell well short of consensus estimates. Tupperware Brands Corporation also withdrew its full year 2022 guidance and named a new Chief Financial Officer. The Company attributed the poor performance to the conflict in Russia and Ukraine. However, when pressed by analysts on a conference call, the Company acknowledged that Russia and Ukraine only accounted for 2% of its revenue.

Shares of Tupperware Brands Corporation (NYSE: TUP) declined from $26.10 per share on June 8, 2021, to as low as $5.54 per share on May 24, 2022.

Those who purchased shares of Tupperware Brands Corporation (NYSE: TUP) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Christopher Clausen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.