Tupperware reports fourth quarter 2014 sales up 6% in local currency
Tupperware Brands Corporation announced the fourth quarter 2014 operating results with net sales of about $680 million. Emerging markets, accounting for 64% of sales, achieved a 10% increase in local currency. Established markets were down 1% in local currency.
Rick Goings, Chairman and CEO, commented, “Sales grew 6% this quarter in local currency with particularly robust growth in Argentina, Brazil, China and Indonesia, continuing positive momentum from the third quarter. Our emerging markets were up 10% in local currency and our established markets, while down 1% in local currency, showed sequential improvement of 3 percentage points from the third quarter”. In Europe, Italy's local currency sales were up 8%, continuing a strong three quarter trend.
Goings continued, ”While there continue to be challenging external forces, this quarter’s results demonstrated we can and will continue to navigate through the environments we find ourselves in, with our strong global management team using our growth levers: innovative and demonstrable premium products; an entertaining selling situation and direct-toconsumer fundamentals driven through the relationships of our 2.9 million sales force world-wide.”
For full details please read the full press release.
Tupperware Brands Corporation is a portfolio of global direct selling companies, selling innovative, premium products across multiple brands and categories through an independent sales force of 2.8 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 for consumers through the Armand Dupree, Avroy Shlain, BeautiControl, Fuller Cosmetics, NaturCare, Nutrimetics, and Nuvo brands.