Tupperware shares sink after it misses 10-K filing deadline

Tupperware Brands Corp. shares were down 6.1% on Wednesday afternoon after the company said in an SEC filing that it completed its annual 10-K for the year ended Dec. 26, 2015. The company said it's still assessing deficiencies related to the information technology systems used in its financial reporting. "Although the Company has not concluded its assessment of the effectiveness of its internal control over financial reporting, the Company believes that these deficiencies could represent a material weakness in its internal control over financial reporting," the filing said. Tupperware expects to file the annual report and related documents within the 15-day extension period. Tupperware sahres are down 33.3% for the past 12 months while the S&P 500 is down 9.2% for the same period.

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