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.
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 […]