Tupperware Profits down slightly
Posted on 19. Aug, 2009 by Dan Mitchell in Network Marketing News
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By Dan Mitchell, MLM Blog Correspondent
From Orlando Sentinel:
Orlando-based Tupperware Brands Corp.'s second-quarter profit declined slightly compared with last year's, according to the company's latest earnings report.
Sales totaling $524 million were also down, by 10 percent, from the same year-ago period, though that was largely because of unfavorable foreign-currency exchange rates. In local currency, second-quarter sales rose 4 percent from a year ago.
"Given what we've seen in the second quarter, we are even more optimistic going forward that we've got the business model and the ability to navigate through these challenging times and still grow the company," chief executive Rick Goings said during a conference call Thursday.
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