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Sales have been declining at Tupperware for years, as competition in the plastic storage container business has increased dramatically, with competitors offering products at substantially lower.
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Tupperware's preliminary 2022 results, released in March, showed an 18% drop in annual sales to nearly $1.31 billion and a $28.4 million loss from continuing operations.
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Tupperware Brands (NYSE:TUP) falls under the banner of 'beaten down consumer-based company'. Tupperware is likely a household name and came along just like any other consumer products company.
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By Jaclyn Peiser. August 4, 2023 at 5:22 p.m. EDT. In April, Tupperware announced it was struggling to survive as mounting debt and slumping sales were pushing the company to the edge. (Scott.
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Tupperware wants to be where the cool kids play. The 76-year-old brand is on a quest to grab the attention of Millennials and Gen Zers, and wants to become as relevant in their everyday lives as.
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Craft can deliver 250+ data points of financial, operating, and human capital indicators on companies via API. Learn more. Tupperware's main competitors include WinCup, EXO-S, Art Latex Industria and Valsir. Compare Tupperware to its competitors by revenue, employee growth and other metrics at Craft.
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TUP Sales vs. its Competitors Q4 2022. Comparing the current results to its competitors, Tupperware Brands reported Revenue increase in the 4 quarter 2022 by 3.79 % year on year. The sales growth was above Tupperware Brands's competitors' average revenue growth of 2.04 %, achieved in the same quarter. • List of TUP Competitors.
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Tupperware's Profile, Revenue and Employees. Tupperware is a Florida-based multinational company that manufactures products such as food storage containers, cookware, and water bottles for the retail market. Tupperware's primary competitors include Rubbermaid, Snapware, Joseph Joseph and 18 more.
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The main competitors of Tupperware Brands include Grove Collaborative (GROV), Moolec Science (MLEC), Lee Enterprises (LEE), Borealis Foods (BRLS), Oxus Acquisition (OXUS), Virgin Group Acquisition Corp. II (VGII), Village Farms International (VFF), Real Good Food (RGF), Benson Hill (BHIL), and Bridgford Foods (BRID).
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Tupperware, he said, is facing a perfect storm of stiff competition from other brands - Rubbermaid, Glad, Pyrex, Oxo and Ziploc - selling similar products or even disposable versions for less.
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Tupperware has 10,000 employees and is ranked 3rd among it's top 10 competitors. The top 10 competitors average 3,296. Tupperware VS Rubbermaid. Rubbermaid is Tupperware's #1 rival. Rubbermaid is a Private company that was founded in Wooster, Ohio in 1920. Like Tupperware, Rubbermaid also works within the Household Products Manufacturing field.
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Tupperware's financial woes follow a proliferation of free restaurant to-go boxes after a pandemic-era surge in delivery and carryout orders, and an onslaught of competition from cheaper food.
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Tupperware's main competitors include Plasutil Industria E Comercio De Plasticos, Alene Candles, Hubert and Ficosota. Compare Tupperware to its competitors by revenue, employee growth and other metrics at Craft.
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Tupperware has also failed to innovate in response to these changes in competition and consumer behavior, Nordhielm said. As a result, Tupperware's sales have been declining for years.
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The online shopping era brought more competition for Tupperware. But for years, the company also spent big on dividends for shareholders — and stuck with selling through individual consultants.
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Research stores & brands like Tupperware. We ranked the best Tupperware alternatives and sites like tupperware.com. See the highest-rated airtight storage products brands like Tupperware ranked by and 50 more criteria. Our team spent 9 hours analyzing 37 data points to rate the best alternatives to Tupperware and top Tupperware competitors.
