Revenues of Tupperware Brands's Suppliers, deteriorated by -3.94 % compared to the same quarter a year ago, sequentially sales grew by 2.89 %, Tupperware Brands's cost of sales deteriorated by -12.48 % year on year, relative to one quarter ago cost of sales fell by -9.62 % in Q1.
Tupperware Brands's Suppliers realized a deteriorated in sales by -3.94 % compared to the same quarter a year ago, sequentially sales grew by 2.89 %, Tupperware Brands's cost of sales deteriorated by -12.48 % year on year, compare to one quarter ago cost of sales fell by -9.62 % in Q1.
Many of the products manufactured by and for the Company require plastic resins
that meet its specifications. These resins are purchased through various arrangements
with a number of large chemical companies located in many of the Companys markets.
As a result, the Company has not experienced difficulties in obtaining adequate
supplies and generally has been successful in obtaining favorable resin prices
on a relative basis. Research and development relating to resins used in Tupperware®
products is performed by both the Company and its suppliers.
Materials used in the Companys skin care, cosmetic and bath and body care products
consist primarily of readily available ingredients, containers and packaging materials.
Such raw materials and components used in goods manufactured and assembled by
the Company and through outsource arrangements are available from a number of
sources. To date, the Company has been able to secure an adequate supply of raw
materials for its products, and it endeavors to maintain relationships with backup
suppliers in an effort to ensure that no interruptions occur in its operations.
Tupperware Brands's Comment on Supply Chain
Many of the products manufactured by and for the Company require plastic resins
that meet its specifications. These resins are purchased through various arrangements
with a number of large chemical companies located in many of the Companys markets.
As a result, the Company has not experienced difficulties in obtaining adequate
supplies and generally has been successful in obtaining favorable resin prices
on a relative basis. Research and development relating to resins used in Tupperware®
products is performed by both the Company and its suppliers.
Materials used in the Companys skin care, cosmetic and bath and body care products
consist primarily of readily available ingredients, containers and packaging materials.
Such raw materials and components used in goods manufactured and assembled by
the Company and through outsource arrangements are available from a number of
sources. To date, the Company has been able to secure an adequate supply of raw
materials for its products, and it endeavors to maintain relationships with backup
suppliers in an effort to ensure that no interruptions occur in its operations.
TUP's Suppliers Net profit fell by
TUP's Suppliers Net margin fell in Q1 to
-66.37 %
3.86 %
TUP's Suppliers Net profit fell by -66.37 %
TUP's Suppliers Net margin fell in Q1 to 3.86 %
Tupperware Brands's Suppliers Sales Growth
in Q1 2023 by Industry
Sources:
Tupperware Brands Corporation's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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