- Shares of Tupperware (TUP +10.8%) are flying after the company bested analyst estimates with its Q4 report on an improved gross margin rate.
- Execs with Tupperware took some shots at multi-level marketing during the call. Some distinct lines are drawn by management over its "local" model and direct selling. MLMs consume huge numbers of people who don't sell or do very much, notes CEO Rick Goings.
- Managing currency swings is nothing new for Tupperware. The company views hedges as gambling.
- Resin costs are moving in the right direction for Tupperware.
- Earnings call webcast
Heard during Tupperware's earnings call
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Symbol | Last Price | % Chg |
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TUP | - | - |
Tupperware Brands Corporation |