Tupperware Brands (TUP) Tops Q1 EPS by 7c; Issues Solid Outlook
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Tupperware Brands Reports First Quarter 2017 Sales and EPS Above High End of Guidance; Raises Full Year Sales and Earnings Outlook
April 25, 2017 7:00 AM EDTORLANDO, Fla., April 25, 2017 /PRNewswire/ -- (NYSE: TUP) Tupperware Brands Corporation today announced first quarter 2017 operating results.
Rick Goings, Chairman and CEO, commented, "Local currency sales grew 6% in the first quarter, beating the high-end of our sales guidance by 3 points, driven by 9% growth in our emerging market businesses, most significantly in Brazil, China, Tupperware Mexico and Tupperware South Africa. Adjusted earnings per share was 7 cents above the high-end of our range, including a 2 cent benefit from foreign exchange rates versus our February... More
