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Tupperware Brands CEO Rick Goings on the company’s strong sales in emerging markets and its expanding product line.
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This over to you okay thank you.
-- this -- is the only one -- can get me in the kitchen with but it that would have okay Tupperware more than just plastic containers and investors have taken notice look at the stock Tupperware stock over just the past three months up 21%.
And their third quarter income more than quadrupled to your for your they'd be bump up the top and bottom line when they release their numbers last week.
Joining me now on a Fox Business exclusive is Rick -- CEO Tupperware Brands.
It's on and most important point that you make.
All of this stuff does not need electricity to run and in fact most of the countries that you sell to don't have electricity that is reliable correct.
True I was in India last week -- -- women and India have no electric power -- fresh potable water.
And so when you enable her by putting the product together.
That saves her time.
If changes are alive and well it's just amazing that you can do all of this stuff and look at their emerging markets -- 66% of total sales.
You're huge in India right now you've just got back what did you see.
Well now we've grown it took us about five years to start breaking even five years to get to scale now we have a 180000.
Women consider moving from the lower class to the middle class to leadership it's.
It's having a dramatic impact they have Tupperware parties to sell all of the stuff yet but it's a little different twist as many don't have places where they live that are big enough to have six to eight of their friends so they do it outside under can't just do it outside interest and you are in a hundred countries -- -- -- that is.
That is repeated elsewhere let's talk about some of the products that you happen again this is a storm story in -- way because none of this really needs electricity.
So -- that's what changed so what's most people when they used to think about apple they would think about computers now do you think of apple you think of all the new product categories -- it.
Same with us food storage is only about a third of our business all these new categories -- what.
Does it -- -- what I have duration -- -- here -- -- quickly this is if you gonna be competent in the kitchen.
This -- we said yes Jeff gonna be dog -- -- a pair.
I'm gonna make but I there's the little guest spot show we put in some onions cucumbers celery I'd like okay.
Now it.
Interstate and I'm -- I can sit there with this product here and it's called what.
This is quick chopper tight -- Jeff Jeff quick tight shut chopper every time I -- them.
People with 800 cuts.
I would not so all of a sudden.
I've got finished it.
We're just a lot different.
And all I have to add is a little tomato -- -- to -- Who -- were there.
You like its pricing Allianz OK so this -- tripled they okay.
And then to Vasco -- they said used to -- but -- use five -- from New Iberia, Louisiana where the eye of hurricane Andrew went over way back in the day.
And here is hot sauce Tabasco sauce and I sit there and do this and then it makes it to Gregory -- -- around.
Just such a thing my generator -- -- hello outdoors to -- -- -- don't look what happens with great here on any given to keep her bag in a minute.
There is good spots show.
Fresh and beautiful watch them.
But I could take that same little and little salary and it.
And a little vodka hot OK -- you've had a bad night no power.
He can make bloody -- -- hot products.
All look good but what is your number one selling product and I would imagine that you might get a bump at least in North America where sales have been coming down about 3% in to -- in.
-- mostly establish and develop markets for storage of food at a time when people don't have electricity.
Yeah this is it's increasing we've had a lot of given on what's happened to devastation -- here.
With the tsunamis and Indonesia about -- -- we've had a lot of experience in dealing with us and what people want is -- water so I mean this is hottest selling product in the world.
There's a -- water bottles particularly could China India Indonesia which are 40% of the world's population.
Unlike these PDT water bottles which people throw it on -- -- the good at 11100 years before they disintegrate and guaranteed for life.
But they're so they'll replace it with those will lead to very basic countries to high tech hit in France number one selling product.
This turned to Mike -- involvement into esteem love then which and steam up and costs about 2500 dollars.
This cost a 140 dollars games at right up these names it.
An important point to be made was that they found -- ship wrecked ship that had been submerged okay.
And and it were to chocolate chip cookies in -- sealed Tupperware when they open this for five years it was submerged they opened at the cookies were still soft IEA won't have a and you're still here -- -- I think well the numbers are stunning up 21% to of course over just the past three months were wishing you -- -- going into emerging markets and really pushing forward with Tupperware.
Who would have thought.
Rick good to be here and it's good to see it happening any time come back Rick -- the CEO Tupperware telling us the story of which there is a storm story attached.
Right here exclusively on Fox Business --
