Tupperware Brands Corporation announced third quarter 2019 sales of $418.1 million, down 14 percent versus third quarter of 2019.
“Sales for the third quarter ended in line with our forecasted guidance as the challenging trends we’ve been experiencing in Brazil, China, and U.S. and Canada persisted as we expected,” said Tricia Stitzel, chairman and chief executive officer of Tupperware Brands.
Third quarter sales results included:
- Europe – $98.9 million, down 12% and local currency sales down 7%
- Asia Pacific – $148.8 million, down 12% and local currency sales down 11%
- North America – $103.5 million, down 16% and local currency sales down 15%
- South America – $66.9 million, down 17% and local currency sales down 11%
“We are moving forward with great urgency to prioritize opportunities in how we go to market, cost structure and cash flow management to drive near-term results so we can navigate the current landscape successfully without sacrificing our long-term objectives for our business,” said Stitzel. “We remain committed to ensuring Tupperware remains competitive – both today and for the long term – while delivering sustainable shareholder value.”
To read the full Tupperware Q3 2019 report, click here.