13683 Thu, 01/31/2008 - 12:37pm
ORLANDO, Fla.–With strong growth in all five segments, Tupperware Brands reported a sales climb of 19 percent year over year (11 percent in local currency) to $577 million for the fourth quarter of 2007.
“We are encouraged with the progress we made in the fourth quarter and the full year in further refining and implementing our strategies, which are working and delivering the positive results we expected to support long-term growth,” said Rick Goings, chairman and chief executive officer. “Our sales and profit were both well ahead of our October outlook.”
Reflecting increases in the United States, Canada and Mexico, Tupperware North America saw a sales increase of 12 percent (11 percent in local currency) and even with a fire in its South Carolina warehouse last month, Tupperware U.S. and Canada still achieved a 12 percent local currency sales increase for the quarter.
For the full year of 2007, total company sales increased 14 percent (9 percent in local currency) to a record $2 billion, versus 2006’s $1.7 billion.