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TUP a top stock to watch
Tupperware Announces New CEO, Sees Stock Rise
By Marie Albiges-Oct 18, 2023
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Tupperware named the former CEO of Avon North America, OVME Aesthetics, and Spanx, Laurie Ann Goldman, as its new CEO earlier this week. CNBC reported shares of Tupperware closed 8 percent higher at $2.18 Tuesday following the announcement. In a statement, Tupperware board chair, Susan Cameron, called Goldman "a trusted and growth-oriented leader with extensive management experience in the consumer goods industry.
Now is the right time to bring in new leadership, and Laurie Ann is exceptionally well-suited to advance our long-term strategy and accelerate growth."
Goldman takes the chief executive spot from Miguel Fernandez, who served as Tupperware's CEO for three years before being relieved of his duties by the Tupperware board on Monday. The Florida-based company also named three directors to its board Tuesday.
Total Retail's Take: The shakeup at the plastic food storage company comes at a time when it's struggling to stay afloat. Tupperware said in April there was "substantial doubt about the company's ability to continue as a going concern," adding at the time that it wouldn't have enough cash to fund its operations if it didn't secure additional money.
Tupperware said it was exploring potential layoffs and reviewing its real estate portfolio.
Furthermore, Tupperware is also having to compete with a growing market of plastic-alternative food storage solutions such as the Stasher reusable silicone bags and biodegradable paper packaging. Goldman will have her work cut out for her, including very likely having to make some difficult decisions around workforce and real estate.
TRUISM
back in on the dip here. 
back in.
sounds good to me, lets go!
maybe thats what is causing the run here.
grabbed some TUP this morning. lets do this!
SHOULD YOU HOLD TUPPERWARE BRANDS CORP (TUP) STOCK WEDNESDAY MORNING?
Wednesday, September 20, 2023 07:01 AM | InvestorsObserver Analysts
INVESTORS OBSERVER
Tupperware Brands Corp (TUP) is down -2.15%% today.
TUP stock closed at $1.86 and is down -$0.04 during pre-market trading. Pre-market tends to be more volatile due to significantly lower volume as most investors only trade between standard trading hours.
TUP has a roughly average overall score of 50 meaning the stock holds a better value than 50% of stocks at its current price. InvestorsObserver's overall ranking system is a comprehensive evaluation and considers both technical and fundamental factors when evaluating a stock.
The overall score is a great starting point for investors that are beginning to evaluate a stock. TUP gets a average Short-Term Technical score of 60 from InvestorsObserver's proprietary ranking system. This means that the stock's trading pattern over the last month have been neutral.
Tupperware Brands Corp currently has the 82th highest Short-Term Technical score in the Packaging & Containers industry. The Short-Term Technical score evaluates a stock's trading pattern over the past month and is most useful to short-term stock and option traders.
Tupperware Brands Corp's Overall and Short-Term Technical score paint a mixed picture for TUP's recent trading patterns and forecasted price. Click Here To Get The Full Report on Tupperware Brands Corp (TUP)
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TUPPERWARE: MALAYSIA TOP FIVE IN NET SALES, CRUCIAL TO COMPANY'S GROWTH
AUGUST 26, 2023
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Tupperware Brands Corporation president and chief executive officer Miguel Fernandez during an interview in Kuala Lumpur August 26, 2023. — Bernama pic
KUALA LUMPUR, Aug 26 — Malaysia, a significant market for the Tupperware business, is essential to the company’s growth and ability to compete globally in the household products market, said Tupperware Brands Corporation president and chief executive officer Miguel Fernandez.
In an exclusive interview with Bernama, Fernandez said Malaysia is the fifth largest market for the brand based on net sales, after Brazil, Mexico, the United States (US) and China.
According to him, Tupperware provides a unique business opportunity for over 35,000 families in Malaysia who make their monthly living selling the iconic brand’s innovative products.
“Malaysia is one of our top five countries, (and) we count on the top five to support growth. So Malaysia is obviously a key market for us,” said Fernandez during Tupperware’s 2023 “World Tour,” a month-long effort in which Fernandez and Tupperware’s chief commercial officer Hector Lezama visited the company’s largest markets.
“We plan to keep producing and launching more interesting products to attract more users. With everything that we have launched and the great news that we have restructured our debt, I believe we are going to be a top brand for the next 75 years,” he told Bernama while in Kuala Lumpur.
Tupperware made worldwide news earlier this year due to a cash shortage. However, the maker of plastic containers and other kitchen products recently announced a successful debt restructuring as part of ongoing turnaround efforts.
The debt restructuring exercise is expected to provide the company with the increased financial flexibility to continue turnaround efforts and to reduce/reallocate cash interest and fees of approximately US$150 million, as well as extend the maturity of certain debt facilities, a press release said earlier this month.
“That news is behind us,” said Fernandez, when asked about the brand’s previous financial challenges. “We were able to restructure our debt and are continuing to do our business, including this World Tour. We are visiting the most important countries, where we are coming up with a lot of great news for our sales force. We are re-energising our sales force around the world,” he said.
On manufacturing plants, Fernandez said Tupperware outsources its production to a third-party facility in Malaysia. It provides the moulds and guidance on the best materials to use to ensure excellent functioning and quality as per its established standards.
“We produce an array of product categories. So, the trick in our industry is the highly specialised moulds. If more moulds are in the same factory, this will not help (with production). It is better to put a lot of moulds in many countries, so these countries can produce at around the same time to satisfy consumer demand.
He said some products are made in Malaysia while others are imported because of the mould factor. There are times when there is only one machine to produce a specific product to satisfy worldwide demand, he said.
Tupperware has manufacturing plants in Belgium, Brazil, South Korea, Mexico, China, India, Portugal, South Africa and the US. It produces geographically to meet local market needs.
It also launches limited-edition products to mark seasonal milestones and important holidays to meet consumer demand in different countries.
On its strategy to expand its customer base, Fernandez said the group continually invests in digital tools to appeal to the new generation. It also has two distinct strategies — product innovation and technology — to attract younger generation customers.
Instead of the traditional person-to-person method, Fernandez said the younger generation interacts using the cell phone. This has prompted the company to build tools to enable them to recruit, retail, and advertise the products via digital tools.
Technology is the best way to attract and retain people, Fernandez said.
On new products, Fernandez said the company has produced and marketed a portable blender which has proven to be very popular among the younger generation.
The portable blender is being sold in other countries and it has received a lot of positive feedback thus far. The blender was launched in Malaysia recently, he said. — Bernama
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