Tupperware: Q1 Earnings Snapshot
May 5, 2021 GMT
ORLANDO, Fla. (AP) Tupperware Brands Corp. (TUP) on Wednesday reported first-quarter net income of $45.3 million, after reporting a loss in the same period a year earlier.
The Orlando, Florida-based company said it had profit of 85 cents per share. Earnings, adjusted for non-recurring gains, came to 82 cents per share.
The direct seller of plastic storage containers and cosmetics posted revenue of $460.3 million in the period.
Tupperware shares have fallen 26% since the beginning of the year. The stock has increased eightfold in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TUP at https://www.zacks.com/ap/TUP
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Kickstart: Let s hear it for leftovers
Let s hear it for leftovers
Leftovers are a lunch staple. Now Tupperware Brands Corp. s product portfolio of containers has an increased focus on recycled resins, which is just another way of reusing what you already have, isn t it?
The Eco+ line includes Lunch-It containers and Sandwich Keepers-brand products along with clear items using Eastman Chemical Co. s Tritan Renew resins.
The Orlando, Fla.-based consumer product company first rolled out the Eco+ brand in 2019 and says it has reduced 100 tons of CO2 emissions by diverting waste that would have gone to landfills.
Adding the Tritan Renew products allows Tupperware to use recycled material in transparent designs, Bill Wright, Tupperware Brands executive vice president for product innovation, said in a news release.
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