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Oct. 28, 2020, 12:18 p.m. EDT

Tupperware stock surges 41% after earnings

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By Tonya Garcia

Tupperware Brands Inc. /zigman2/quotes/209009040/composite TUP +0.96% stock surged a whopping 41% in Wednesday trading after third-quarter profit and sales beat consensus and increased year-over-year. Chief Executive Miguel Fernandez credited increased home cooking and the need for food storage during the coronavirus pandemic for the results. The broader Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.54% plunged 683 points on Wednesday, down 2.5%. Tupperware shares have skyrocketed 248% for the year to date while the Dow is down 6.1% and the S&P 500 index /zigman2/quotes/210599714/realtime SPX +1.62% is up 2.4%.

/zigman2/quotes/209009040/composite
US : U.S.: NYSE
$ 36.68
+0.35 +0.96%
Volume: 1.02M
Nov. 24, 2020 4:00p
P/E Ratio
114.73
Dividend Yield
0.00%
Market Cap
$1.79 billion
Rev. per Employee
$159,106
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
30,046.24
+454.97 +1.54%
Volume: 436.45M
Nov. 24, 2020 5:11p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,635.41
+57.82 +1.62%
Volume: 3.19B
Nov. 24, 2020 5:11p
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