Tupperware Q2 2020 Net Sales Down 16%

Tupperware Brands Corporation today reported second quarter sales of $397.4 million, down 16 percent versus last year and 8 percent in local currency.

According to the company, while average active sales force was down 17 percent, sales per active sales force was up 11 percent, reflecting strong engagement by the sales force utilizing digital tools and techniques to bring Tupperware’s relevant products to market during unprecedented times.

Second quarter sales by region were:

• Europe – $90.8 million, down 25% and local currency sales down 20%
• Asia Pacific – $134.4 million, down 14% and local currency sales down 11%
• North America – $124.0 million, down 1% and local currency sales up 10%
• South America – $48.2 million, down 34% and local currency sales down 12%

“In the second quarter we pivoted to a new way to lead the business, a new way to operate the company and embraced a new growth strategy,” said Miguel Fernandez, president and chief executive officer of Tupperware Brands. “Our performance reflects progress made to right size our cost structure and improve liquidity. We are now increasing our efforts to contemporize Tupperware and become a global leader in sustainable consumer solutions while leveraging the consumer influence of our iconic brand.”

To read the complete Tupperware Q2 2020 report, click here.