TUPPERWARE BRANDS CORP
tupperwarebrands.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q3 FY2023 10-Q, filed Mar 29, 2024. Its latest SEC filing is a 8-K from Nov 29, 2024.
10-Q for Q3 FY2023, filed Mar 29, 2024
The sections below describe the company as of the FY2022 annual report.
What Did They Do?
Sells kitchen and home food-storage, preparation and serving products to consumers, mainly through independent sellers and also through retailers.
10-K for FY2022, filed Oct 13, 2023The Company designs innovative, functional, and environmentally responsible products to help store, serve, and prepare food. The core of…View ↗
Sales are to the ultimate customer principally through direct selling by an annual average active sales force of approximately 313 thousand…View ↗
The Company designs innovative, functional, and environmentally responsible products to help store, serve, and prepare food. The core of…View ↗
How Did They Make Money?
Tupperware sells products mainly to independent distributors and sales-force members; they pay in advance or shortly after products ship.
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10-K for FY2022, filed Oct 13, 2023
FY2022 revenue by reportable segment ↗
$1.3B
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10-K for FY2022, filed Oct 14, 2023
$1.3B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Asia Pacific
Sold outright
10-K for FY2022, filed Oct 13, 2023 |
27%
FY2019: 35%
|
Asia Pacific, FY2022
$352.4M Sources
|
Sold outright |
|
Europe
Sold outright
10-K for FY2022, filed Oct 13, 2023 |
23%
FY2019: 27%
|
Europe, FY2022
$295M Sources
|
Sold outright |
|
North America
Sold outright
10-K for FY2022, filed Oct 13, 2023 |
29%
FY2019: 22%
|
North America, FY2022
$380.8M Sources
|
Sold outright |
|
South America
Sold outright
10-K for FY2022, filed Oct 13, 2023 |
21%
FY2019: 16%
|
South America, FY2022
$275.8M Sources
|
Sold outright |
Who Were Their Customers?
Independent distributors, directors, managers and dealers buy directly and resell through the sales force; some distributors stock and ship products. The company also sells online to consumers and through retail transactions, primarily with retailers.
10-K for FY2022, filed Oct 13, 2023Sales are to the ultimate customer principally through direct selling by an annual average active sales force of approximately 313 thousand…View ↗
A significant portion of the Company’s business operates through distributors, some of whom stock inventory and fulfill orders from the…View ↗
The Company designs innovative, functional, and environmentally responsible products to help store, serve, and prepare food. The core of…View ↗
Did Revenues Turn Into Profits?
No. It lost $232.5M in FY2022.
10-K for FY2022, filed Oct 14, 2023
How Were They Changing?
10-Q for Q3 FY2023, filed Mar 29, 2024
Open tableView ↗
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Nov 29, 2024
Completed sale of certain business assets
The sale was completed under an agreement with entities formed by the company’s lenders.
Sources
8-K, filed Nov 29, 2024
On November 22, 2024, the Corporation entered into an Asset Purchase Agreement (the “Agreement”) with Wells Fargo Bank, National…View ↗
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Sep 23, 2024
NYSE suspended trading and began delisting proceedings
The company’s common stock began trading on the OTC Expert Market after the suspension.
Sources
8-K, filed Sep 23, 2024
On September 18, 2024, Tupperware Brands Corporation (the “Corporation”) was notified by the staff of NYSE Regulation (“NYSE Regulation”)…View ↗
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Sep 18, 2024
Filed for Chapter 11 bankruptcy protection
The company said it would continue operating while seeking approval for a sale process under court supervision.
Sources
8-K, filed Sep 18, 2024
On September 17, 2024 (the “Petition Date”), Tupperware Brands Corporation (the “Corporation”) and certain of its direct and indirect…View ↗
Shrank. Revenue fell 37% in 4 years, from $2.1B in FY2018 to $1.3B in FY2022, about 11% a year.
Beauty brands sold
The older report included beauty products alongside Tupperware kitchen and home goods. The latest report describes Tupperware kitchen and home products after the beauty brands were sold.
10-K for FY2019, filed Mar 12, 2020 10-K for FY2022, filed Oct 13, 2023Tupperware Brands Corporation (“Registrant”, “Tupperware Brands” or the “Company”) is a global manufacturer and marketer of premium…View ↗
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