Tupperware Brands Reports Second Quarter 2015 Results
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Go back to Tupperware Brands Reports Second Quarter 2015 Results
July 23, 2015 8:52 AM EDT
Piper Jaffray analyst Stephanie Wissink trimmed her price target on Tupperware Brands (NYSE: TUP) to $76.00 (from $77.00) but maintained an Overweight rating following Q2 results.
Wissink commented, "Our near-term thesis surrounding regional mix and human capital based improvements is being tested by a more highly volatile... More
July 22, 2015 7:02 AM EDT
Tupperware Brands (NYSE: TUP) reported Q2 EPS of $1.21, $0.04 better than the analyst estimate of $1.17. Revenue for the quarter came in at $588.9 million versus the consensus estimate of $590.59 million.
Rick Goings, Chairman and CEO, commented, "Second quarter sales results were up 4% in local currency, just marginally below the low end of our guidance. While we continue to see strong performances in Argentina, Brazil, China, and Tupperware U.S. and Canada, the actions taken to improve performance in Indonesia gave us a smaller sequential improvement in the quarter than we had... More
