Tupperware rises a day after 50% slump on going concern warning

Shares of the company slumped as much as 50% to a near three-year low of $1.21 on Monday and ended the session down 48%

Tupperware, known for its airtight, durable and colourful storage containers and bowls, had to hike prices to protect its margins from higher interest rates and elevated costs of resin and labour

Tupperware Brand Corporation shares recouped some lost ground to climb nearly 7% on Tuesday, a day after losing half their value as the maker of reusable plastic containers flagged doubts about its ability to continue as a going concern.

The Florida-based company said on Friday that it had engaged with financial advisers to help improve its capital structure and near-term liquidity, while also reviewing its real-estate portfolio in a bid to preserve its liquidity.