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Tupperware imports pack a punch at stay-at-home demand soars

Cons. Discr. - Durables 346 Cons. Discr. - Retailing 311 Coronavirus 430 Earnings 491 U.S. 4633

Tupperware has benefited from increased stay-at-home spending during the pandemic as a result of having accelerated investment in its e-commerce systems. That led to revenue growth of 14.1% year over year in Q3’20 versus analysts’ expectations of a 12.2% decline. Panjiva’s data shows the expansion likely continued in Q4’20 with U.S. seaborne imports linked to the kitchenware producer having jumped 137.1% year over year in October after a 78.4% rise in Q3. Inventory build up may become a concern. The firm is not the only beneficiary of rising demand for plastic kitchenware. Shipments link...

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