Tupperware Brands reports Q4 cont. ops. EPS (79c) vs. 30c a year ago

Reports Q4 revenue $313.7M vs. $390.1M a year ago. "2022 was a true test of our resolve to turn around this Company and expand consumer access to our iconic brand in markets all around the world," said Miguel Fernandez, President and CEO. "We entered the year optimistic about our progress in improving our business economics and executing on our growth plans. Events did not unfold in our favor, so we reacted quickly to the challenges. Importantly, we remained unwavering in our pursuit of building a broader Tupperware ecosystem in which to reach consumers eager to interact with our products. In the US, our first major retail expansion effort exceeded our expectations," he added. "We have now pivoted towards a new post-pandemic phase where we believe our core direct selling business will benefit from the return to in-person events, focusing on recruiting and training our next generation of business builders, and where those markets utilizing our studio model, particularly China, are able to benefit from more consumer traffic."