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The Latest Breaking News from Tupperware Brands Corp

Tupperware Brands Divests Nutrimetics Beauty Business For Undisclosed Sum

Tupperware Brands Corp (NYSE:TUP) has agreed to sell its Nutrimetics beauty business, which operates in Australia, New Zealand, and France. Terms of the transaction, including the anticipated closing date, have not been disclosed. The deal is a part of Tupperware's turnaround plan strategy of divesting non-core assets. The sale follows the company's sale…

Tupperware Brands Eliminates COO Position - Read why

Tupperware Brands Eliminates COO Position - Read why

Tupperware Brands Corp (NYSE:TUP) disclosed in a regulatory filing that it is eliminating the position of the Chief Operating Officer (COO). Thus, Cassandra Harris’ employment with the company was terminated. Tupperware has entered into a waiver and release agreement with Harris. The company said the elimination of the post is a part of the…

Benzinga's Top Ratings Upgrades, Downgrades For May 5, 2022

Benzinga's Top Ratings Upgrades, Downgrades For May 5, 2022

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Tupperware Shares Plunge On Q1 Miss, Underperformance Across All Segments

Tupperware Brands Corp (NYSE:TUP) reported a first-quarter FY22 sales decline of 16% year-on-year to $348.1 million, missing the consensus of $356.8 million. Net sales were down in all segments, with the decrease primarily driven by lower recruiting and overall sales force activity, due to the Russia/Ukraine conflict and lockdowns caused by the Omicron…

Why Tupperware Stock Is Plunging Today

Tupperware Brands Corp (NYSE: TUP) shares are trading lower Wednesday after the company reported worse-than-expected financial results and withdrew its full-year guidance.

Sidus Space Names Former Tupperware Brands Executive Teresa Burchfield As CFO

Sidus Space Inc (NASDAQ:SIDU) has appointed Teresa Burchfield as its Chief Financial Officer, effective April 11, 2022. Burchfield brings over 30 years of finance and accounting experience. Before her appointment with Sidus Space, she had a 19-year tenure with Tupperware Brands Corp (NYSE:TUP), where she served in several key financial and management roles. Burchfield…

Why Are Tupperware Brands Shares Trading Higher Today

Tupperware Brands Corp (NYSE:TUP) has entered into an agreement to repurchase an aggregate of $75 million of its common stock in an accelerated share repurchase (ASR) program with Wells Fargo Bank N.A. The agreement equates to about 4.6 million shares, using the closing price on February 25, 2022, and represents about 8.7% of Tupperware's…

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Tupperware Brands Registers 12% Sales Decline In Q4

Tupperware Brands Registers 12% Sales Decline In Q4

Tupperware Brands Corp (NYSE:TUP) reported a fourth-quarter FY21 sales decline of 12% year-on-year, to $394.9 million, beating the consensus of $384.97 million. Sales in North America fell 12% Y/Y to $108.3 million, South America decreased 16% to $62.4 million, Europe declined 11% to $106.5 million, and Asia Pacific sales dropped 11% to $117.7…

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