"Over the last several years, the company's financial position has been severely impacted by the challenging macroeconomic environment," stated president and CEO Laurie Ann Goldman. This reflects Tupperware’s ongoing struggles amid rising costs and declining demand.
The firm has been trying to revive its business for nearly four years, reporting a fall in sales for six successive quarters since the third quarter of 2021. Inflation has strongly affected its low and mid-income consumer base.
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