Thursday / September 28. 2023
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Thursday / September 28. 2023
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Tupperware to Open New Global Sourcing and Supply Chain Center in Singapore
Tupperware to Open New Global Sourcing and Supply Chain Center in Singapore
Currently, Tupperware has 11 manufacturing facilities around the world, but this expansion will provide more diversification in its supplier base and extend the company’s access to sustainable materials. 
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Tupperware Net Sales Decline 11% to $376.9 Million in Q3
Tupperware Net Sales Decline 11% to $376.9 Million in Q3
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). 
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Tupperware Brands Sees Continued Success in Turnaround Plan
Tupperware Brands Sees Continued Success in Turnaround Plan
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 […]
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Tupperware Announces Pre-Payment of $58 Million of its Term Loan Debt
Tupperware Announces Pre-Payment of $58 Million of its Term Loan Debt
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. […]
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Tupperware Q3 Sales Increase 14% over 2019
Tupperware Q3 Sales Increase 14% over 2019
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 […]
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Tupperware Commences Cash Tender Offer of Outstanding 4.750% Senior Notes
Tupperware Commences Cash Tender Offer of Outstanding 4.750% Senior Notes
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 […]
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