Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, June 07, 2022 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Tupperware Brands Corporation (: TUP) investors that the firm has initiated an investigation into possible securities fraud, and may file a class action on behalf of investors. Tupperware investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
On May 4, 2022 the Company announced poor operating results, coming in far below estimates: Adjusted EPS from continuing operations 12 cents, estimate 53 cents. Net sales $348.1 million, estimate $362.5 million. Furthermore, the Company withdrew its full year 2022 guidance, and named a new CFO. The Company attributed the poor performance to arcane events in Russia and Ukraine. Interestingly, when pressed by analysts on a conference call, the Company acknowledged that Russia and Ukraine only accounted for 2% of its revenue.
On this news, the Company’s shares fell sharply in value, thereby injuring investors.
Please visit our website to review more information and submit your transaction information.
The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
[email protected]
310-692-8883
www.portnoylaw.com
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