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Tupperware relied on social gatherings for explosive growth in the mid 20th century. In the 21st century, it is social distancing that is fueling sales.Restaurant pain has turned into Tupperware’s gain with millions of people in a pandemic opening cookbooks again and looking for solutions to leftovers. They’ve found it again in Tupperware, suddenly an “it brand” five decades after what seemed to be its glory days.The company had appeared to be on life support, posting negative sales growth in five of the last six years, a trend that seemed to be accelerating this year.Long gone was the heyday of the Tupperware Party, first held in 1948, which provided women with a chance to run their own business. That system worked so well, Tupperware took its products out of stores three years later. But it has struggled as more families gave up making dinner from scratch and also dining out more.Then the pandemic struck.Profit during the most recent quarter quadrupled to .4 million, Tupperware reported Wednesday.The explosion of sales caught almost everyone off guard and shares of Tupperware Brands Corp., which had been rising since April, jumped 35% to a new high for the year. Shares that could be had for around in March, closed at .80 on Wednesday.Tupperware stands apart from most other companies that have thrived in the pandemic. Unlike Netflix, Amazon.com, Peloton or even DraftKings, it doesn’t rely on a hi-tech platform.However, it’s certainly not alone as the pandemic bends how we spend our time more rapidly perhaps than any point in our lifetimes.On Monday the toymaker Hasbro said that its games division, which includes board games like Monopoly, saw a 21% jump in revenue.On Wednesday, Tupperware reported quarterly adjusted earnings of .20 per share, triple what Wall Street had expected. Revenue of 7.2 million was about 30% higher than forecasts and 14% better than last year.CEO Miguel Fernandez said the company, based in Orlando, Florida, had shifted more heavily to digital sales to accommodate those sheltering in the pandemic. He also noted “increased consumer demand.”The company earlier this year had begun a turnaround campaign. Fernandez, who once led Avon, was named CEO in March just as COVID-19 infections began to spread in the U.S. 2293
UPDATE: Most Cheesecake Factory restaurants had run out of slices of the free cheesecake by lunchtime Wednesday.EARLIER STORY:The Cheesecake Factory and DoorDash are partnering to give away 40,000 free slices of cheesecake on Wednesday. The deal is in celebration of The Cheesecake Factory’s 40th anniversary. The offer is valid on Wednesday, Dec. 5 only, starting at 11:30 a.m. local time.You can only get the deal through the DoorDash app and website.All you have to do is add one slice of cheesecake to your DoorDash cart using the promo code “FREESLICE” at checkout. No delivery fees, service fees or minimum order is required. Additionally, DoorDash is offering free delivery all week on The Cheesecake Factory orders. 762
VATICAN CITY (AP) — Pope Francis says the Christmas season provides reason for hope amid the difficulties of the coronavirus pandemic. Francis noted during his Sunday blessing that the Vatican’s Christmas tree had gone up this week in St. Peter’s Square, and work is underway to build the life-size Nativity scene next to it. Francis pointed to the tree from his studio window over the square and said such symbols of Christmas “are signs of hope, especially in this difficult period.” He urged the faithful to recall the true meaning of Christmas and lend a hand to the neediest. He said, “there’s no pandemic, there’s no crisis that can extinguish this light.” 670
Two Germans who ran away from their retirement home to attend a heavy metal music festival had their plot foiled by police.A police patrol found the two elderly men at 3 a.m. on August 4 on their way to Wacken Open Air festival after staff at the retirement home in Dithmarschen, northern Germany, reported them missing the evening before.The elderly pair were reluctant to abort their plans and police said they escorted the men's taxi back to the retirement home "as a precaution." 491
Two-time PGA major title-holder John Daly has revealed that he has bladder cancer.The 54-year-old told Golf Channel he had a procedure to remove cancer, but his doctor said there's an 85% chance it would return, and he'd have to undergo surgery again.On Twitter, the golfer thanked everyone for their support and well wishes."Hey All, thank you all so much for all the love, texts, msgs & support thru this!" Daly tweeted. "It's all still shocking for me but know I'll do what I have in me to beat this! My whole life, I've beaten the odds, so it's NOT time to stop now! Ready for 2020 to be fkn over! #gripitandripityall" 634