The Way To Connect With Direct Selling Industry

The Way To Connect With Direct Selling Industry

Tupperware Brands’ Turnaround Plan Continues To Work

Tupperware’s financial highlights for the second quarter of 2021 comprised net sales of $464.7 million and GAAP diluted earnings per share of $0.67. Dilution-adjusted earnings per share came in at $0.95.

Tupperware Brands President and CEO Miguel Fernandez said, “The double-digit sales growth underscores our initial investments and various attempts to build long-term sustainable development in our core direct selling business.” “To prepare for future company expansion into new channels, we are boosting our investments in personnel across operations, digital, finance, and market leadership.”

With net sales of $155.8 million, North America led the company’s positive growth, followed by the Asia Pacific with net sales of $124.6 million.

Sandra Harris, Tupperware Brands’ Chief Financial Officer, and Chief Operating Officer remarked, “We continue to successfully implement our Turnaround Plan.” “Sales growth, the profit that continues to reflect our rightsizing efforts, debt reduction, and improved EBITDA, resulting in a leverage ratio of 2.05, are all more proof that it is working.”

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