Tupperware Brands Corporation recently announced first quarter 2017 operating results.
Rick Goings, Chairman and CEO, commented, “Local currency sales grew 6% in the first quarter, beating the high-end of our sales guidance by 3 points, driven by 9% growth in our emerging market businesses, most significantly in Brazil, China, Tupperware Mexico and Tupperware South Africa.
Adjusted earnings per share was 7 cents above the high-end of our range, including a 2 cent benefit from foreign exchange rates versus our February guidance.”
Goings continued, “Solid execution of direct selling fundamentals, along with innovative digital strategies across the portfolio, allowed more of our businesses to leverage our strong aspirational brand and provide an earnings opportunity that builds confidence in the 3.2 million women of our global sales force.
With double digit sales force size advantages and the wind at
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Tupperware Rep Earns Third Company Car
by Ted Nuyten • • 0 Comments
Being the best at something in your city is a good achievement. Surpassing everyone else in your state is a feat few can claim.
But Stephanie Meester of Lynden, Washington, USA has reached unparalleled heights – she’s the only one among more than 100,000 independent Tupperware consultants in the United States and Canada to earn a third Mustang convertible for reaching sales goals earlier this year.
Nobody else in the history of Tupperware, which has provided food preparation, storage and serving solutions since 1946, has accomplished the feat.
The goals are based on Meester’s previous sales. For an 18-month period ending in January, Meester’s team of 75 people throughout the country sold nearly $1.3 million in products – tremendous growth since she earned her second Mustang in 2013 with nearly $700,000 in team
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Tupperware Q4 Sales Up 1% To $600 Million
by Ted Nuyten • • 0 Comments
Tupperware Brands Corporation announced fourth quarter 2016 operating results.
Fourth quarter 2016 net sales were $600.9 million, up 1% in dollars and 3% in local currency, which included a 4-point benefit from a 14th week in 2016’s fiscal calendar. Emerging markets**, accounting for 65% of sales, were up 5% in dollars and 8% in local currency.
Rick Goings, Chairman and CEO, commented,
“We experienced a challenging fourth quarter to cap off an already tough 2016. Local currency sales grew 3% in the quarter, which was 1 point under the October guidance range.
Despite the impact of further economic and political instabilities, our businesses in emerging markets continued on a growth trajectory in the fourth quarter with outstanding results in Argentina, Brazil, China and Tupperware South Africa.”
Goings continued, “Adjusted earnings per share was 3 cents