Almost all regions saw a decrease in net sales, excluding South America, which the company attributes recruitment efforts and improvements made to onboarding and training for the region’s 6% increase in net sales ($69.6 million).
Tupperware’s second quarter of 2021 financial highlights included net sales of $464.7 million and GAAP diluted earnings per share of $0.67. Adjusted diluted earnings per share totaled $0.95. “The double-digit sales growth reflects our initial investments and numerous initiatives to create long-term sustainable growth in our core direct selling business,” said Miguel Fernandez, President and […]
The success of Tupperware Brands Corporation’s “turnaround plan” has allowed for the company’s prepayment of $58 million of its term loan debt from Angelo Gordon and JP Morgan. The company’s financial stability has also led its Board of Directors to authorize share repurchases of up to $250 million of the company’s outstanding shares of common stock. […]
Tupperware Brands Corporation today reported third quarter sales up 14 percent versus last year and 21 percent in local currency. Third quarter 2020 sales were $477.2 million. Average active sales force was up 10 percent and sales per active sales force was up 10 percent reflecting strong engagement by the sales force utilizing digital tools and techniques […]
Tupperware Brands Corporation announced the commencement of an offer to purchase for cash up to $175 million aggregate principal amount of its outstanding 4.750% Senior Notes due 2021. Approximately $600 million aggregate principal amount of Notes is currently outstanding. The Tender Offer is being made on the terms and subject to the conditions set forth in the […]