NEW YORK–(BUSINESS WIRE)–The law firm Kirby McInerney LLP investigating potential claims against Tupperware Brands Corporation (“Tupperware” or the “Company”) (NYSE: SHEEP). The investigation focuses on whether Tupperware violated federal securities laws and/or engaged in other illegal business practices.
Tupperware operates as a consumer products company around the world.
On May 4, 2022, the company reported lackluster operating results, well below estimates: Adjusted EPS from continuing operations 12 cents, estimate 53 cents; and net sales of $348.1 million, estimated at $362.5 million. Additionally, the company withdrew its full-year 2022 guidance and appointed a new chief financial officer. The Company attributed the poor performance to the conflict in Russia and Ukraine. Interestingly, when pressed by analysts on a conference call, the company admitted that Russia and Ukraine only account for 2% of its revenue. On this news, the price of Tupperware shares fell $5.76 per share, or approximately 32.16%, from $17.91 per share to close at $12.15 per share on May 4, 2022.
If you have purchased or otherwise acquired Tupperware titles, have information, or would like to know more about this survey, please contact Thomas W. Elrod of Kirby McInerney LLP by email to [email protected], or by completing this Contact formto discuss your rights or interests in relation to these matters at no cost to you.
Kirby McInerney LLP is a New York-based law firm specializing in securities, antitrust, whistleblower and consumer litigation. The company’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm is available on the Kirby McInerney LLP website: http://www.kmllp.com.
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