Tupperware’s stock plunged nearly 50% on Monday after a dire warning that the company’s future is uncertain.
The manufacturer of containers stated in a regulatory filing late on Friday, there is “substantial doubt about the company’s ability to be a concern
Tupperware stated that it could not fund its operations without additional funding.
The New York Stock Exchange also cautioned that Tupperware’s stock could be delisted for failing to submit the required annual report.
In recent years, the 77-year-old company has struggled to stay relevant in the face of competitors.