Even though $700 billion didn't appear to immediately save banks across the nation, Tupperware Brands is still going strong, according to an Orlando Sentinel article released Wednesday. The company is even stronger now than it was a year ago at this time. Perhaps the company just kept the crisis out with its air-tight lid.
Tupperware Brands is experiencing more purchases from outside the US, mainly in Europe and Asia, boosting it's third-quarter earnings to $27.5 million (47 cents per share). Last years' third-quarter earnings were $6.9 million (37 cents per share).
"'We are pleased to report another strong quarter of local currency sales growth,' Rick Goings, chairman and chief executive officer of Tupperware, said in a news release.
"Tupperware has been pushing into developing nations, where its direct-selling business model faces less competition from established retail outlets. The company said sales in emerging markets accounted for 56 percent of its third-quarter total."
Today, Tupperware Brands dropped 36 cents per share, but the shares are still running strong at $21.26 a share.
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2 comments:
Yea for Tupperware! It's good to hear that some companies are doing okay. I wonder if Tupperware is doing better because less people are eating out and more are cooking for themselves... you know there's going to be leftovers. =)
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