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Tupperware Brands Reports Third Quarter 2016 Results – Sales Up 2% To $521.8 Million

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Tupperware Brands Corporation today announced third quarter 2016 operating results.
Rick Goings, Chairman and CEO, commented, “Up against the prior year’s successful third quarter that achieved 7% local currency growth, sales were even on a dollar basis and grew 2% in local currency – the low end of our range, with excellent results in Argentina, Brazil, China, and Tupperware Mexico.”
Goings continued, “Despite this modest top line result, we once again delivered adjusted earnings above the high-end of our range, demonstrating the dynamic flexibility of our business model, our strong leadership team and how we can navigate through challenging environments with our 3.1 million global sales force and produce consistent solid results.”
Third Quarter Executive Summary

Third quarter 2016 net sales were $521.8 million, up slightly in dollars and 2% in local currency. Emerging markets**,

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Tupperware Announces Leadership Promotion, New Position

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Tupperware Brands Corporation is promoting its longtime President and Chief Operating Officer, Simon Hemus, to Vice Chairman and naming Patricia Stitzel as his successor.
Stitzel is a Tupperware veteran whose promotion is in line with the company’s management succession process. Since 2014, she has served as Group President, Americas, for the kitchen, home and beauty products maker.
The incoming President and COO began her Tupperware career nearly 20 years ago as part of the human resources department. Before transitioning to the Americas, she held a series of senior executive positions with Tupperware Europe.
“Tricia has done an exemplary job in every position she has held within the company,” said Rick Goings, Chairman and CEO. “Most recently, she has led the Americas region to tremendous growth, leveraging the Vision 20/20 strategic initiatives she has helped design

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Tupperware Reports Q2 2016 Results – Down 4% To $564.7 Million

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Tupperware Brands Corporation recently announced second quarter 2016 operating results. Rick Goings, Chairman and CEO, commented, “Though down 4% with a 7 point hit from exchange rates, we grew sales by 3% in local currency – the high end of our range, with significant contributions from Brazil, China, Malaysia/Singapore and Tupperware Mexico.”
Goings continued, “When we look at the success of our large businesses in Brazil, up 22% in dollars and 41% in local currency, and Tupperware Mexico, down 2% in dollars but up 16% in local currency, it is proof of concept that the fundamentals of our business can generate significant returns from our 3.1 million global sales force.
This is most significantly the case in the opportunity rich emerging markets, including through leverage from our Vision 20/20 core execution initiatives.

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Tupperware Reports Q4 2015 Results – Sales Up 2%

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Tupperware Brands Corporation today announced fourth quarter 2015 operating results. Rick Goings, Chairman and CEO, commented, “We had a disappointing quarter as we lapped a tough comparison and continued to see an impact from economic and political headwinds in many of our units.
While I don’t want to take away from the strong performances in a number of units, our internal actions did not overcome the impact of worse than expected externals in some of our units.”
Goings continued, “Given today’s environment, we’re making some defensive moves to allow us to perform financially and to play better offense in implementing our growth strategies.
We remain confident the strong fundamentals of our business model coupled with these actions will set a path to success for our 3.1 million global sales force, our associates and

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American Express Features Tupperware

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In a 2 minutes Turn around video American Express open features Tupperware.
“Tupperware on Expanding Your Customer Base Through Word of Mouth | American Express OPEN Forum”
How did Tupperware go from a fledgling startup with a confusing product to a household brand? For the first half of the 20th century, plastics had no place in the kitchen – the material was meant for industrial use.
So when Tupperware debuted the Wonderlier Bowl in 1946, no one understood what it was for. Two years later, all that changed. See how a saleswoman named Brownie Wise developed an early social strategy to expand and educate Tupperware’s customer base.

//www.youtube.com/watch?v=kIVskdnMsEU

About Tupperware
Tupperware Brands Corporation is the leading global marketer of innovative, premium products across multiple brands utilizing a relationship based selling method through an independent sales force

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Tupperware’s Winning Growth Strategy In Emerging Markets

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Having Tupperware parties is apparently becoming cool once again. That is one of the key takeaways from the company’s third quarter report, which suggests more women around the globe are throwing parties to hawk the company’s latest kitchen gear. 
Tupperware’s local currency sales numbers, which strip out the impact of the strong U.S. dollar, rose 7% in the third quarter from the prior year. Reported sales, which do reflect the dollar’s strength against foreign currencies, fell 11% in the quarter. On a local currency basis, in emerging markets — from which Tupperware derives about 70% of its sales — sales rose 11% owing to growth in Brazil, China and Indonesia. In particular, sales in China and Indonesia rose 18% and 12%, respectively.
Sales in North America increased 14% as the company’s number of active sellers rose by 20%.

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Tupperware Reports Third Quarter 2015 Results – Sales Up 7%

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Tupperware Brands Corporation today announced third quarter 2015 operating results.  Rick Goings, Chairman and CEO, commented, “I am pleased that our management teams were able to build momentum through the quarter, to bring in a 7% local currency sales increase, beating the high-end of our guidance range.
The strong performance shows how the flexibility in our business model enables us to react to economic and political volatility.”
Goings continued, “We are confident in our strategies for capturing future growth through penetration opportunities in many of our markets and from the benefits of our Vision 20/20 initiatives, as highlighted in our analyst day update video posted on our website on October 12th.
We see a bright future for our 3.1 million global sales force, our associates and in our ability to continue to provide

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Irish Times Publishes Detailed Analysis Of Direct Selling

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The Irish Times has published a detailed feature on the Direct Selling industry and its attraction for many Irish people looking to make some extra cash.
Maybe you’re a stay-at-home parent, looking for a way to earn some extra income now that the kids have gone back to school. Or maybe you have retired and your pension isn’t quite enough to meet your spending habits.
Or maybe you just need the cash. Whatever the reason, topping up your income by selling goods in your spare time is a way anyone can boost their bank balance this autumn.
Direct selling is not new. From the days of Tupperware parties, companies have long identified the impact empowering people to sell their products to friends, neighbours and strangers, can have on the bottom line. And for the sellers, it’s a

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3 Steps To Training An Effective Direct Sales Force

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Canadian Business published an article about the three must have strategies for mentoring and training a large and diverse group of direct sellers.
Switching from retail to direct sales came with a steep learning curve for Peekaboo Beans’ Traci Costa. “You have to learn the industry—how the financial model, logistics, selling, recognition and reward systems work,” she says. She emphasizes the importance of having strong mentors and coaches to guide her along the way. Now the biggest part of her job as an owner, Costa says, is training her sales agents.
Here are three ways to empower your direct sales force.
1. Be resource rich
“Because the owner does not see the consultants on a daily basis, it’s critical to get the right product, the right message and the right support for the sales force to jell together,” says

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Tupperware Shares Jump Due To Overseas Markets And Sales Doing Better Than Expected

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Tupperware Brands Corp. shares jumped as much as 7.5 percent after the maker of plastic containers said sales were improving in overseas markets.
Sales are tracking near the high end of its forecast for the third quarter, based on local currencies, the Orlando, Florida-based company said in a statement Wednesday. Its performance is rebounding in Indonesia, France and Italy, and growth in Argentina, Brazil, China, Mexico and South Africa remains strong despite economic challenges, Tupperware said.

“While we, like many other global consumer products companies are navigating through a volatile external environment, particularly in the emerging markets, we are pleased that two months into the quarter we are tracking toward the high end of our local currency sales outlook range,” Chief Executive Officer Rick Goings said in the statement.

The stock climbed as high as $52.74 in

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