Tupperware warned it might go bust — but its stock has gained 700% since then. Here's why

By WNews 1 Min Read

Warning that you might go out of business isn’t the sort of thing that tends to send a company’s stock soaring, but that’s exactly what happened to Tupperware recently.

The company revealed in April that it was in danger of going out of business, with sales slowing just as interest rates on its $700-million US debt load moved in the opposite direction.

The company has had an up and down few years of late, with sales booming in the early days of the COVID-19 pandemic as demand for food storage containers went through the roof — with consumers eschewing restaurants and dining almost exclusively at

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Reading: Tupperware warned it might go bust — but its stock has gained 700% since then. Here's why

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