OpTree

Tupperware is holding their annual Jubilee sales convention this week in Orlando, Florida, and the Tupperware Company expects to welcome over three thousand members of its sales force to join in the celebration.

The three day convention will offer distributors a chance to learn about new products, share their stories and recognize each others accomplishments. The company will also hold classes for the distributors to help in their future success as well as offer tours of the Tupperware facility in Orlando.

This will be the 54th annual Tupperware Jubilee Convention, and the company says that this year they expect a 30% percent increase in attendance over last year.

One reason for the surge in attendance might be their guest speaker, spokeswoman of Tupperware’s Chain of Confidence Campaign, and worldwide celebrity, Brook Shields. Shields will join the convention to announce the launch of a brand new Tupperware product.

“The sales force is the heart and soul of Tupperware,” said Rick Goings, CEO and Chairman of Tupperware Brands Corporation. “We are continuously impressed by the sales teams’ enthusiasm and dedication to the Company and their clients. Each year, we are inspired by the brilliant successes of the sales force. We are so proud to have all of the women unite over these couple of days; celebrating their achievements and watching each other truly shine.”

In addition to the appearance of Brooke Shields, attendees at the convention will be treated to a talk by best selling self help writer Dan Millman, author of the best seller, Way of the Peaceful Warrior, and a performance from Joanna Pacitti, Broadway star of Legally Blonde.

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Tupperware Brands (NYSE: TUP)announced second quarter results and for the fifth straight year, has seen double digit sales growth.

Second quarter sales in 2008 grew 18% to $584 million. Tupperware Beauty Segments sales grew 17%. The company, which has five diverse sales segments saw increase in sales in all five segments.

Tupperware was also thrilled that the number of active representatives grew 10% percent this quarter, probably due to the faltering economy, and the need for second jobs and supplemental income.

Rick Goings, CEO and Chairman of Tupperware was very happy with the second quarter results,”We are pleased to report another quarter of double-digit sales growth with contributions from all
segments. Even with a back drop of spotty economic conditions in some of our markets, we are optimistic entering the third quarter with a double-digit sales force size advantage. Our geographic and product diversity coupled with our emerging market presence continues to act as a natural hedge to help mitigate challenges we see in isolated markets.”

Tupperware has had higher than normal manufacturing costs this year, as natural oil and gas prices went up, so did resin prices. Tupperware uses resin in the making of many of their plastics.

A full report on the second quarter sales and earnings are available on the Tupperware website. For those of you who read this in time, Tupperware will hold a call at 10 AM eastern Thursday the 24th, but for those who cant make it, the call will be archived and available online as well.

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Tupperware, VP and CFO, Michale Poteshman has been announced as one of the presenters at the annual Oppenheimer Consumer Growth Conference in Boston on July 8th.

This will be the 8th Annual conference and is considered one of the top investor conferences for consumer growth companies. The event will take place the 8th- 10th at the Four Seasons Hotel. The focus of the conference will be on consumer growth,, and assessing the state of the consumer as well as the outlook for retail, and consumer products for the second half of 08 and beyond.

The event, being put on by Oppenheimer & Co. will feature such companies Tiffany and Co, Talbots, William Sonoma and Urban Outfitters, just to name a few. Tupperware will be in some great company.

Tupperware will webcast the presentation on their website.

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Well it was another crazy week with more unanswered questions related to Weekenders going out of business. While more and more distributors have begun selling their wares on eBay and Craigslist to recoup some money, still no word from the Direct Selling Association as to what happened or any insight.

There was a bunch of philanthropic news this week. mark announced a new campaign with spokesperson Lauren Conrad and Neways donated over 10,000 bottles of water for the Utah Summer Games.

In financial news, supplement company Nutrilite announced that they crossed the $3B sales mark which is truly amazing and the S&P began a review of Tupperware’s stock based on its new rating but Mad Money’s Jim Cramer think the stock is a buy at this point.

USANA continues to confuse us. After getting rebuffed on their offer to take the company private by a special committee who said the offer was too low, Dr. Myron Wentz (the company’s chairman) decided to reaffirm the offer at the same price!! Makes no sense at all and all Wentz seems to be doing is driving up the value and making his bid seem less and less practical. It doesnt’ help that shareholders are starting to sue the company because of the low ball offer that he is proposing. This story is far from over.

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