Tupperware Brands Corp is now working with investment bank Moelis & Co LLC to look into strategic alternatives and announced it has found additional errors in its previous financial reporting. The company announced last month that it is uncertain it will be able to continue operating. Shares fell 6% to $1.02 in premarket trading.
During the first quarter of 2022, the company reported $348.1 million in net sales, but announced it expects revenues for the first quarter of 2023 to fall in the range of $280 million to $290 million in what it described in a filing as a “material decline.”
