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Tupperware Q4 2020 Sales Up 17% Versus Last Year

March 17, 2021 Leave a Comment

Tupperware Brands
Tupperware’s fourth quarter 2020 global sales increased 17% to $489.6 million.  Company also reported that its average active sales force had increased 12% and productivity was up 7%.

At the regional level, sales growth performances were as below:

  • Asia Pacific – Sales $128.4 million, down 1%
  • Europe – Sales $128.5 million, up 10%
  • North America – Sales $154.1 million, up 46%
  • South America – Sales $78.6 million, up 21%

“The results show that our efforts to fix the core business are beginning to take hold as our sales force realize geography is no longer a barrier to reach new customers as they grow their business through social media platforms and digital tools. Additionally, we continue to provide real-time solutions to consumers’ needs to prepare food, minimize food waste and decrease use of single-use items,” said Miguel Fernandez, President and CEO of Tupperware Brands. “As we move into 2021, we believe consumers give us permission to expand product categories, and together with increased access points, allows us to grow our business to match the power of the Tupperware brand.”

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This Month in History

On June 9, 2017, The Body Shop’s owner L’Oreal announced it had received an offer from Natura Cosméticos to acquire The Body Shop. The proposed transaction would value The Body Shop at EUR 1.0 billion.

This acquisition was completed in September in the same year and The Body Shop joined the Natura group.

The Body Shop, the iconic brand focusing on innovative, nature-inspired products, was founded in 1976 by Anita Roddick in England. It was acquired by L’Oreal in 2006.

In 2020, The Body Shop increased its revenue by 32% within the Natura group. Its 2021 revenue increase was 9%.

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