Tupperware News

Patricia Stitzel Named Tupperware CEO

Press Release | 2/24/2018

Stitzel has served as the Company's President & Chief Operating Officer since October 2016. Prior to this role, she served as Group President, Americas, and in leadership positions of increasing responsibility in Europe and the United States since joining the Company in 1997. Goings has led the Company since 1992 and has served as its Chairman and Chief Executive Officer since 1997.

Commenting on her new role, Stitzel said, "I am grateful to the Board of Directors for its trust and confidence, and I am excited to lead this great Company into the future, supporting our important global purpose and executing on our strategic growth initiatives. With our high-quality and innovative products, dedicated sales force of over 3 million people and experienced global leadership team, we are poised to build upon our strong foundation in capitalizing on new and exciting growth opportunities. I thank Rick for his leadership, mentorship and friendship and look forward to his guidance as Executive Chairman through the transition."

Kriss Cloninger III, the Company's presiding director of its Board of Directors, said, "The Board is delighted to elevate an executive of Tricia's caliber to serve as President & Chief Executive Officer, as we have great confidence in her 20-year proven track record of success in building high performance teams and delivering sales and profit growth. The Board is also grateful to Rick for his strong leadership and tireless commitment and is pleased that he will continue to play a key transitional role as Executive Chairman. Rick established Tupperware as a free-standing, publicly-traded company in 1996, modernizing product offerings and expanding its portfolio. His more than twenty-five years of leadership has transformed Tupperware into an international brand that provides life-changing opportunities for its global sales force."

Goings said, "It has been a true honor to lead Tupperware Brands and I am proud of what we have accomplished for our stakeholders, especially for the women and men around the world who are part of our sales force. I look forward to transitioning the role to Tricia, who has demonstrated strong leadership abilities for the current and future needs of the Company. As Group President, Americas, she led this critical portfolio to new and impressive levels of growth. She is the right person to lead Tupperware Brands into the next era, reinforcing Tupperware's purpose of empowering women through economic opportunity."

Tupperware Named One of the Most Admired Companies in the World

Press Release | 3/5/2014

"Since last year's rankings, Tupperware has continued to make great strides in empowering women across the world to pursue their entrepreneurial and personal goals," said Rick Goings, Chairman and CEO of Tupperware Brands Corporation. "The categories for which Tupperware was recognized reflect our key business priorities, and we are honored to be ranked on Fortune's Most Admired Companies list for the seventh year in a row."

In Fortune's rankings, Tupperware was noted for the quality of its global competitiveness, ranking first within the industry in that category. An example of Tupperware's global impact, measured in 2013 by a Global Fairness Initiative study, is illustrated by this infographic showcasing the company's social and economic impact in Indonesia.

Tupperware ranked second in the categories of innovation, social responsibility and quality of products/services.

Released annually, the Fortune World's Most Admired Companies list is seen as the definitive report card on corporate reputation. The rankings reflect the observations and opinions of industry executives, directors, and analysts on multiple criteria, from investment value to social responsibility. The latest rankings can be found in the March 17, 2014 issue of the magazine, as well as online.

Rick Goings of Tupperware Named CEO of theYear

Press Release | 5/15/2013

The inaugural award honors one visionary CEO who works diligently to enhance the role of public relations within his or her organization and demonstrates a clear commitment to ensuring that the organization embraces the principles of ethical and effective public relations, in its culture, its communications and its actions.

Under Goings' leadership, Tupperware Brands, a global lifestyle solutions and beauty products company, has thrived with a multi-billion dollar portfolio and global scale of the corporation, with much of that growth coming from emerging markets. During his tenure, Goings has grown the company significantly and has contemporized its entire business model, including product lines, party selling system, and compensation and recruiting approaches.

Goings' multi-faceted commitment to philanthropic, volunteerism and cause initiatives have increased the economic stability, health and education of women ― and, by extension, their families and communities ― around the world. Last year, the company engaged the Global Fairness Initiative, a valued partner in researching and delivering sustainable approaches to economic development, in order to develop and implement an independent research study to quantify the positive economic and social impact of the Tupperware and Fuller Cosmetics business opportunities for women in Mexico.

"I am honored to receive this award from the Holmes Group, as I believe that in our changing global world, communications is more important than ever before and can help bring to the foreground important issues facing today's world," said Goings. "Our business is stronger than ever – diversified, balanced, and one that performs well in all economies, clearly illustrated by our strong geographic mix across emerging and established markets. Though the issues and challenges for women and girls around the world are still enormous, we strive to combine sustained planned efforts with passion and focus to drive progress and make our global impact a reality."

Goings joined Tupperware Brands 20 years ago. The company recently announced its first quarter earnings, which continues to yield positive results with sales up more than 10 percent in local currency in emerging markets and revenue topping $660 million. Since December, the company has seen its market cap increase to $4.3 billion. Earlier this year, FORTUNE named Tupperware Brands a World's Most Admired Company for a sixth consecutive year.

Tupperware Announces Fourth Quarter and Full Year 2012 Earnings Conference Call Webcast

Press Release | 12/12/2012

The webcast is also being distributed through the Thomson StreetEvents Network to both institutional and individual investors. Individual investors can listen to the call at www.fulldisclosure.com, Thomson/CCBN's individual investor portal, powered by StreetEvents. Institutional investors can access the call via Thomson's password-protected event management site, StreetEvents (www.streetevents.com).

Tupperware Brands to Release Second Quarter Earnings Results

Press Release | 7/3/2012

The webcast is also being distributed through the Thomson StreetEvents Network to both institutional and individual investors. Individual investors can listen to the call at www.fulldisclosure.com, Thomson/CCBN's individual investor portal, powered by StreetEvents. Institutional investors can access the call via Thomson's password-protected event management site, StreetEvents (www.streetevents.com).

Tupperware Brands Announces Upcoming Webcast

Press Release | 6/13/2012

This presentation will be webcast and available at www.tupperwarebrands.com .

Tupperware Brands Announces Upcoming Webcast

Press Release | 5/11/2012

This presentation will be webcast and available at www.tupperwarebrands.com .

Tupperware Announces Upcoming Webcast

Press Release | 4/27/2012

This presentation will be webcast and available at www.tupperwarebrands.com .

Tupperware Reports Record First Quarter Sales and Profit

Press Release | 4/25/2012

GAAP net income for the quarter of $58.3 million, or $1.02 per diluted share, compared with 2011 first quarter GAAP net income and E.P.S. of $55.8 million and $0.88 per share, respectively. Adjusted diluted earnings per share of $1.03 in the quarter was 13 cents, or 14%, better than 2011 in U.S. dollars, including a negative foreign currency impact of 6 cents. Excluding the impact of foreign exchange on the comparison, adjusted diluted earnings per share was up 19 cents, or 23%.

The Company repurchased for $50 million in the open market in the first quarter of 2012, 819 thousand shares, or 1.5% of 2011 year-end outstanding shares. Since 2007, the Company has repurchased 13 million shares for $678 million and can repurchase up to an additional $522 million of shares under its current authorization that runs until February 1, 2015. The Company expects to repurchase $25 million worth of shares in the second quarter of 2012.

Rick Goings, Chairman and CEO, commented, "I am pleased with our first quarter results including that we were able to beat the high end of our first quarter guidance range. Our emerging markets**, that generated 59% of sales in the quarter, were up 4% in dollars and 8% in local currency, and drove our overall increase as our established markets were down 3%. Taking into account the impact of the extra week on our 2011 numbers, on a run rate our emerging markets were up 14% and our established markets were up 1%++. This was in line with our longer term guidance. In particular, what gives us a high level of confidence in our future growth expectations are the solid businesses we have established in Asia and Latin America, and the rising middle class in each. According to a study done by the OECD, in Asia alone the number of people expected to rise out of poverty will swell the middle class by 2020 from just over 500 million today to 1.7 billion. These are people who want the earnings opportunity we offer and prestigious brands, like Tupperware. I'm also pleased that based on the confidence we have with our trends, we were able to maintain our full year E.P.S. outlook. In doing this, we expect to overcome incremental headwinds from foreign currencies, which are now forecast to hit us by 5 cents more than when we gave guidance on February 1st, and higher resin costs."

* Sales force statistics as collected by the Company and, in some cases, provided by distributors and sales force. The Company classifies Established Market Units as those operating in Western Europe, including Scandinavia, the United States, Canada, Australia and Japan and its remaining units as Emerging Market Units. Active Sales Force is defined as the average number of orders received per ordering cycle in each unit over the course of the quarter, and Total Sales Force is defined as the number of sales force members of the units as of the end of the quarter.

+ Local currency changes are measured by comparing current year results with those of the prior year translated at the current year's foreign exchange rates.

++ Includes the Company's assessment of the impact on the comparison of first quarter sales results of the 2011 quarter including the week between Christmas and New Year and the 2012 quarter, not including that week (defined as "run rate"). Given the level of customer orders in this time period, sales in this week are below average.

Tupperware Named One of the Most Admired Companies by FORTUNE

Press Release | 3/6/2012

Tupperware was noted for the quality of its products and services, global competitiveness and financial soundness, ranking first within the industry in those categories.

"Consistently being named to the FORTUNE World's Most Admired Companies list is evidence of Tupperware's core business: investing in economic and personal development opportunities for women globally and developing innovative, lifestyle-enhancing new products," said Rick Goings, Chairman and CEO of Tupperware Brands Corporation. "This recognition is a testament to our millions of consultants around the world who are the heart of our company and drive our business."

Released annually, the FORTUNE World's Most Admired Companies list is seen as the definitive report card on corporate reputations. The rankings reflect the observations and opinions of industry executives, directors, and analysts on nine criteria, from investment value to social responsibility.

Tupperware Names New President Daisy Chin

Press Release | 3/16/2011

Chin-Lor served as President & Managing Director of Tupperware Korea, where she led the business to double-digit growth year-over-year. During her time in Korea, she increased the size of the sales force and strengthened the management team. Chin-Lor brings a wealth of beauty, spa and direct selling experience to BeautiControl from her experiences at Tupperware Korea and her senior-level roles with companies such as Chanel, Elizabeth Arden Spas and Avon.

"Daisy has proven herself as a leader and built on her core talent and skill set with assignments in multiple functional areas on various continents," said Tupperware Brands Chairman and CEO Rick Goings. "I've known her for more than 20 years and have grown to admire her talent, her style, and her incredible energy. BeautiControl is extremely important to Tupperware Brands, and I'm confident that its future will be bright with Daisy at the helm."

Tupperware Brands also announced that Albert Bosch will transfer to Tupperware Japan as President and Managing Director, where he will be responsible for expanding the Company's business in the world's largest direct selling market.

Bosch previously served as President of BeautiControl North America, where he strengthened the management team and revamped the compensation plan for the sales force. Prior to that, Bosch was Managing Director of Tupperware Brands Mexico. In that role, he led the business to two consecutive years of strong double-digit growth in sales and profit and laid the groundwork for continued success. Bosch previously has held leadership positions in areas including marketing, strategy & business development, Internet operations and regional sales for North America and Latin America.

"Tupperware Brands has been in Japan for more than 40 years, yet our penetration there is not nearly as strong as it could be," said Goings. "There's a great opportunity there for our company, and I know Albert has the right combination of experience and leadership skills to build relationships, establish trust and energize a team to make the changes necessary to realize the market's huge potential."

Tupperware CEO Says Job Cuts Unlikely

Reuters | 1/30/2009

"The last thing to cut is your talent," Goings said in an interview at the annual meeting of the World Economic Forum in Davos, Switzerland. "This is not a time to build new factories or excess capacity, but I don't see any (need for) reengineering programmes out there for us."

Instead of cutting staff, Tupperware will trim capital spending by a third this year.

Tupperware Brands Recognized by Forbes

PR Newswire | 1/13/2009

Each year Forbes.com selects their Platinum 400, also known as the "Best Big Companies in America," measuring factors such as sales and earnings growth, debt to total capital, earnings outlook and stock market returns. The Platinum 400 companies are divided into 26 industry groups and ranked according to numerous growth rates and valuation measures. Forbes' methodology ranks companies both on one and five-year data, in order to take into account long-term success and latest performance. Guided by these rankings and other data, including analyst reviews and accounting and governance ratings from Audit Integrity, the editors select one company as the best managed for each industry.

Tupperware Receives Award for Brand Recognition

PR Newswire | 12/31/2008

Superbrands, a highly-respected organization that strives to provide recognition for exceptional brands in 82 countries, selected Tupperware as a Superbrand for the 2008 Awards in India, praising the business for its dedication and commitment to the market in India. Tupperware's rating in India falls within the top 3% of all brands across all segments and all categories. The renowned recognition is acknowledged and selected by independent judging panels of brand management experts; The Superbrands Council, and criteria is based on the establishment of a brand's reputability within an industry and a strong competitive advantage recognized by consumers.

"Tupperware has grown tremendously in several global markets, including India, China and Indonesia and it's an honor to be recognized for our success from some of the most prestigious organizations throughout the world," said Rick Goings, Chairman and CEO of Tupperware Brands Corporation. "It's still early innings for us in these emerging markets, but the brand is already recognized and respected, which is incredibly encouraging."

Tupperware Growth Lead by Beauty Sales

CosmeticsDesign.com | 4/29/2008

Overall sales grew by 19 percent for the full year to reach $543m - helped along by a 15 percent increase in the company's beauty sales and a 21 percent increase in the group sales.

The figure was positively impacted by a weakened dollar. In local currencies sales in its international businesses rose 8 - 13 percent.

Tupperware Ranks Number 2 Household Brand

PR Newswire | 3/12/2008

The Fortune "Most Admired Companies" list is the definitive report card on corporate reputations. The list is created from an annual survey conducted by Hay Group in conjunction with Fortune, of over 15,000 top executives and members of the financial sphere. High level executives, directors and analysts are asked to rate companies in their respective industries based on eight criteria: quality of management, quality of products and services, innovation, long-term investment value, financial soundness, people management, social responsibility and use of corporate assets. In order to be included in The Most Admired list, a company's score must rank in the top half of its industry survey.

Tupperware Says Business on Track for 2008

Reuters | 1/30/2008

Despite growing concerns about the threat of recession in the United States, CEO Rick Goings said fundamentals were good.

"We're in a quiet period but through the third period of reporting we said we'd be up 7 percent plus (on revenues) on the year and up double-digit profits, and if we were going to miss those levels we would pre-release," he told Reuters on the sidelines of the World Economic Forum in Davos.

Tupperware Enters New Credit Agreement

CNNMoney.com | 10/8/2007

In connection with the termination of the Company's previous credit agreement, in its third quarter ending September 29, 2007, it will record one- time costs of about $10 million, for the write off of deferred debt costs and the termination of floating-to-fixed interest rate swaps.

Tupperware Declares Dividend

Trading Markets | 8/27/2007

P.S. TUP has received a PowerRating of 5. TradingMarkets PowerRatings are a proprietary stock rating method which ranks stocks on a scale of 1-10. The higher the rating, the greater the one week historical gain has been for stocks with that rating. PowerRatings is an easy-to-use system that assigns a rating based on the relative strength or weakness of particular stocks. This rating system helps traders and investors anticipate their investment strategy over the next 1 to 5 trading days.

Tupperware Sales Boosted by Latin America

CosmeticsDesign.com | 8/5/2007

But although profit increase for the company as a whole was strong, profits for the cosmetic division was hit by restructuring in Mexico and continued investment in the booming South American market.

The company, which manufactures and markets a range of consumer goods, including food and beverage containers and associated products, together with a portfolio of beauty and cosmetic brands mainly sold through direct sales channels, said that sales for its second quarter were up 7 percent in local currency and 12 percent in US dollars to reach $492.9m.

Likewise, net income also showed a healthy rise, up from $25.2m in the corresponding quarter of 2006, to reach $35.5m, a leap of nearly 41 percent.

Tupperware Growth Continues

Chicago Tribune | 7/25/2007

Tupperware? Here's why: At a Tupperware party with her friends decades ago my mother ordered an entire set of those airtight food containers, cups and tumblers with tops.

Everything arrived in time for our annual family pilgrimage of aunts, uncles and cousins to the Lake County Fairgrounds in Crown Point, Ind. Us city kids would immerse ourselves in a whirlwind day of 4-H displays, pie competitions, farm animals, entertainment and rides.

This, of course, included the traditional family picnic. On this particular occasion my mother exuded quiet pride in her brand-new protective containers for the potato salad, coleslaw, cold cuts, sandwiches and beverages we had brought.

Tupperware in OC Register

OCRegister | 7/18/2007

It was a beautiful summer evening, and Barbara had set up on the patio. Women wore light, low-cut summer dresses and most of the men – there were a lot of men – wore linen slacks, nice loafers and Tommy Bahama-style shirts. I saw former Assemblywoman Marilyn Brewer and people who appear in the society columns.

Dee, the Tupperware "consultant" made her entrance at 6:45 p.m., walking out of the house and down the steps to the patio clad in a huge Dolly Parton wig, a red-gingham blouse tied up at her midriff, a pair of Daisy Dukes slit to her waist and red 6-inch heels. Dee, as was evident to all, was a drag queen.

Tupperware Makes Move into UK Market

Woking News and Mail | 7/9/2007

From its new 1,500 square foot warehouse and office facility on the Lansbury Estate, the kitchenware giant is hoping to make an impact under the stewardship of chief importer and distributor Janet Hall.

Advertisementyour story continues below The mother-of-two from Guildford chose Woking as the company’s new base because of its convenient location.

She said: “The business is now quite big in the UK, to the point where we needed to stop bringing stock over from France as this was taking longer to reach customers.”

Tupperware, known for marketing its products through ‘parties’, has already signalled its commitment to the town, creating new jobs and using local couriers and freight carriers whenever possible.

Beauticontrol Parent Tupperware Announces Webcast

Earthtimes.org | 6/12/2007

This presentation is being webcast and can be accessed at http://www.tupperwarebrands.com/.

Tupperware Brands Corporation is a global direct seller of premium, innovative products across multiple brands and categories through an independent sales force of 1.9 million. Product brands and categories include design-centric preparation, storage and serving solutions for the kitchen and home through the Tupperware brand and beauty and personal care products through its Avroy Shlain, BeautiControl, Fuller, NaturCare, Nutrimetics, Nuvo and Swissgarde brands. Tupperware Brands Corporation

Tupper Ware Profits Rise in 2007

Plasteurope | 5/29/2007

Tupperware Shares Up

Reuters | 5/1/2007

LOS ANGELES, April 25 (Reuters) - Tupperware Brands Corp. (TUP.N: Quote, Profile, Research posted higher quarterly net profit on Wednesday that beat Wall Street estimates, helped by strong sales in Japan, the United States and in emerging markets.

The company also raised its full-year earnings forecast and its shares rose 6 percent in extended trading.

Known best for its food storage containers sold at in-home parties, Tupperware said net income in the first quarter was $19.6 million, or 32 cents a share, from $16.0 million, or 26 cents a share in the year-ago quarter.

Sales rose 8 percent in the quarter to $456.9 million. Strength in the U.S., Japanese, Australian and South African markets outweighed weak performance in Germany, the company said.

Tupperware Searches for Design Talent

PR Newswire | 3/7/2007

NEW YORK, March 5 /PRNewswire-FirstCall/ -- Design enthusiasts everywhere, it's time to get your imaginations in gear! Tupperware (NYSE: TUP) has announced the launch of its 2007 Translations in Tupperware(R) Global Design Contest and is challenging the public to put their creativity to work. The basis behind the design contest is simple -- entrants are asked to use Tupperware products as their motivation and inspiration for constructing a piece of artwork or unique functional product. The contest will be open to more than 20 countries around the world and all submissions must be received no later than August 31, 2007. Participants will have the chance to win a trip for two to New York City, a $2,000 cash prize, and the opportunity to have their work included in a public exhibit. Each participating country will select a winner from the following three categories: Fashion, Free Form, and Utility Object. These selected entries will continue on to New York City for a final judging event, where one top prize winner from each category will be chosen by a panel of influencers and taste makers from the design industry. Each submission requires a short essay explaining the concept behind the design, as well as a photograph of the piece. To register or to learn more about the global design contest, entrants should log onto http://www.translationsintupperware.com.

Tupperware Brands Corp Declares Quarterly Dividend

Press Release News | 2/26/2007

Tupperware Brands Corporation is a global direct seller of premium, innovative products across multiple brands and categories through an independent sales force of 1.8 million. Product brands and categories include design-centric preparation, storage and serving solutions for the kitchen and home through the Tupperware brand and beauty and personal care products through its...

Huge Fire at Tupperware Plant

Eyewitness News | 11/8/2006

No injuries have been reported. Firefighters don't know what caused the fire at this time.

Tupperware Announces Small Cap Webcast

Finanzen.net | 6/10/2006

This presentation is being webcast and can be accessed at http://www.tupperware.com

in Home Sales Boom

Detroit Business News | 5/31/2006

In-home sales of makeup and intimate products boom

CARLETON -- Leslie Zay always struggled with her finances. She often had trouble making ends meet, and sometimes needed public assistance just to put food on her family's table.

Today, Zay owns her own business and collects more than $8,000 a month selling Pure Romance products such as edible body powders, lotions, videos and adult toys designed to put some extra zing in the romance department.

"My business took off right away," said Zay, a 51-year-old grandmother from Hamburg. "It's been phenomenal. It allows me the flexibility in my life to keep me happy."

Zay is among a growing number of people running their own in-home party businesses. Their motivations range from mothers who want a more flexible schedule to laid-off workers looking to replace lost wages.

And they're not just selling Tupperware and Mary Kay cosmetics anymore. Entrepreneurs are hosting in-home sales parties for everything from jewelry to candles to intimate apparel.

There's even Vantel Pearls in the Oyster Inc., where consultants bring live oysters to home parties; guests open the shells and can have the pearls they find inside appraised and set into gold rings.

Whats Up With Tupperware

The Motley Fool | 5/11/2006

For long-term holders of Tupperware (NYSE: TUP), a Motley Fool Income Investor pick, the champagne for the next Tupperware party has been held on ice. The shares have basically treaded water over the past five years, now worth less than half their 1997 prices. However, the shares may be worth a look to the value crowd, given their decent valuation and favorable dividend yield.

In the first-quarter earnings Tupperware reported April 25, sales increased 30% -- 34% on a local-currency basis. Earnings per share came in at $0.26, ahead of previous guidance of $0.22-$0.24 per share. Negative foreign exchange translations dented results by $0.04 per share.

Tupperware Launches Design Contest

Npros.com | 4/24/2006

NEW YORK, April 24 /PRNewswire-FirstCall/ -- Today, Tupperware® (NYSE: TUP - News) announced the launch of the 2006 Translations in Tupperware global design contest and is calling upon the public to put their creative genius to work. Entrants will be asked to create a piece of art or unique functional product using Tupperware products as the basis for their inspiration. The contest will be open to more than 27 countries around the world and all submissions must be received no later than August 17, 2006.

Entrants must also submit a photograph of their piece as well as a short essay explaining the concept behind their submission. To register or to learn more about the global design contest, entrants should log onto://www.translationsintupperware.com. Participants will have the chance to win a trip for two to New York City, a $5,000 cash prize, and the opportunity to have their work included in a worldwide traveling exhibit.

Tupperware gives itself a face-lift

The Pueblo Chieftain | 4/20/2006

Chief executive Rick Goings said that the rapidly growing beauty segment likely will dominate Tupperware Brands ‘before I leave here.’

ORLANDO, Fla. - With the lights dimmed and New Age music playing in the background, Kemper Bushnell is leading a group of women though a series of breathing exercises.

‘‘Breathe in through your nose and put your hand on your stomach to feel your breath,’’ Bushnell says to the group gathered in a living room in a suburban east Orange County, Fla., home.

While Bushnell’s instructions are designed to relax, they’re also part of her pitch.

An independent director of a sales team for BeautiControl, a line of beauty and skin-care products owned by Tupperware Brands, Bushnell is putting on a so-called ‘‘spa escape party’’ designed to sell items ranging from chilled eye pads with cucumber-ivy extracts to frozen margarita foot cream.

The party represents part of a multiyear makeover at Tupperware, the Orlando-based company that has been trying to shed its 1950s-era image of homemakers peddling milky-white bowls in tract homes.

Already, Tupperware has changed the look and feel of its parties, updated and expanded its traditional product line to include colorful bowls and stylish kitchen goods, expanded into foreign markets and pushed into the cosmetics business with the purchase of BeautiControl. Furthering its transformation, Tupperware agreed to pay an estimated $566 million in August for the overseas direct-selling beauty business of Sara Lee Corp.

Tupperware struggles to reinvigorate its empire

MSNBC | 3/19/2006