Tupperware Brands Corp. (TUP) Tops Q2 EPS by 2c; Q3, FY13 Outlook Slightly Below the Street
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Tupperware Brands Corp. (NYSE: TUP) reported Q2 EPS of $1.46, $0.02 better than the analyst estimate of $1.44. Revenue for the quarter came in at $688 million versus the consensus estimate of $677.4 million.
Tupperware Brands Corp. sees Q3 2013 EPS of $0.99-$1.04, versus the consensus of $1.08.
Tupperware Brands Corp. sees FY2013 EPS of $5.44-$5.54, versus the consensus of $5.6.
Rick Goings, Chairman and CEO, commented, "Our second quarter results reinforce the importance of operating Tupperware Brands as a truly global business with a strong footprint across both established and emerging market economies. This provides us with a well-balanced source of earnings, reducing our reliance on any one market, while allowing us the opportunity to successfully cross pollinate ideas, products and practices around the world as we grow. But once more, the emerging markets have been the key driver of sales and profitability this quarter with particularly strong growth across both South America and Asia. Our strong position and growth in these emerging markets is driven by the power of our channel, our brand and our reputation for quality, which allows us to capitalize on the opportunities arising from more fully penetrating these markets and their emerging middle classes."
For earnings history and earnings-related data on Tupperware Brands Corp. (TUP) click here.
Tupperware Brands Corp. sees Q3 2013 EPS of $0.99-$1.04, versus the consensus of $1.08.
Tupperware Brands Corp. sees FY2013 EPS of $5.44-$5.54, versus the consensus of $5.6.
Rick Goings, Chairman and CEO, commented, "Our second quarter results reinforce the importance of operating Tupperware Brands as a truly global business with a strong footprint across both established and emerging market economies. This provides us with a well-balanced source of earnings, reducing our reliance on any one market, while allowing us the opportunity to successfully cross pollinate ideas, products and practices around the world as we grow. But once more, the emerging markets have been the key driver of sales and profitability this quarter with particularly strong growth across both South America and Asia. Our strong position and growth in these emerging markets is driven by the power of our channel, our brand and our reputation for quality, which allows us to capitalize on the opportunities arising from more fully penetrating these markets and their emerging middle classes."
For earnings history and earnings-related data on Tupperware Brands Corp. (TUP) click here.
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