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This statistic highlights Tupperware Brands’ Revenue by Segment, split across the Asia Pacific, Europe, North America, and South America, reported on a quarterly basis from Q1 2016 onwards.
|Segment||Q3 2020||Q2 2021||Q3 2021||Contribution in Q3 2021|
(All figures are in millions, except percentages)
In Q3 2020, the company earned a revenue of $422 million, while in Q3 2021, it fell to $375 million showing a decrease of 12%. The company’s South America region shows a revenue holding of 18%; the Europe region shows a revenue holding of 25%; the North America region shows a revenue holding of 27%; the South America region shows a revenue holding of 18%; Asia Pacific region shows revenue holding of 30%, making it the largest contributor to the company’s revenue.
Every year around 40% of the revenue by region is extracted by the Asia Pacific; Europe shows holdings of 25%, and North America and South America hold 35% of the revenue by region.
The company’s revenue by region for the Asia Pacific region has been very unstable. Earlier in Q3 2020, the company earned a total of $129 million, while in Q2 2021 it fell to $124 million. This marks a 4% fall in the revenue earned in this region. While in Q3 2021, the revenue fell immensely, from $124 million to $112 million, indicating a fall of 10% in revenue.
In Q3 2020, the company earned a revenue of $112 million from this region, while in Q2 2021, the revenue rose to $114 million. This shows that there was a 2% rise in the revenue earned in this region. In Q3 2021, the revenue saw a sharp decline, from $114 million to $91 million, which indicates that the revenue decreased by 21%.
In Q3 2020, the company earned a total of $116 million from North America, while in Q2 2021 the revenue earned was $155 million. This shows that there was a 2% rise in this region’s revenue. Whereas Q3 2021 again saw the revenue declining sharply, from $155 million to $103 million, which shows that the revenue decreased by 34%.
In Q3 2020, the company earned a total of $65 million, while in Q2 2021 the revenue increased to $69 million. This shows a 7% rise in the revenue earned by the company in South America. In Q3 2021, the revenue remained stable at $69 million. This makes South America the only region to maintain a stable revenue in Q3 2021.
Tupperware Brands Corporation is a leading global consumer products company that designs innovative, functional, and environment-friendly products. Founded in 1946, the Company’s signature container created the modern food storage category that helped the way the world stores, serves and prepares food. Today, it is an iconic brand with more than 8,700 functional designs and utility patents for solution-oriented kitchen and home products. With the purpose to nurture a better future and environment, the company’s products are an alternative to single-use items. The Company distributes its products into nearly 70 countries through approximately 4 million independent sales force members around the world with around 550 thousand active at any point in time.
Worldwide, the Company engages in the marketing, and sale of design-centric preparation, storage, and serving solutions for the kitchen and home through the Tupperware brand name, which is a home brand now. The Company primarily uses a direct selling business model to distribute and market products, while continuing to expand digital platforms and B2B distribution channels. Through their connections, product demonstrations, and understanding of consumer needs, the company’s sales force members have been selling products to customers for over 76 years.
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