Tupperware Brands Reports Second Quarter 2018 Results; Announces Group Leadership Changes

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Go back to Tupperware Brands Reports Second Quarter 2018 Results; Announces Group Leadership Changes

Tupperware Brands (TUP) Tops Q2 EPS by 7c; Guides Lower, Announces Management Changes

July 25, 2018 7:04 AM EDT

Tupperware Brands (NYSE: TUP) reported Q2 EPS of $1.17, $0.07 better than the analyst estimate of $1.10. Revenue for the quarter came in at $535.4 million versus the consensus estimate of $553.49 million.

GUIDANCE:

Tupperware Brands sees Q3 2018 EPS of $0.80-$0.85, versus the consensus of $0.96.

Tupperware Brands sees FY2018 EPS of $4.25-$4.35, versus the consensus of $4.46.

Group Leadership Changes:

Effective July 1, 2018, the Company named Stein Ove Fenne as Group President, Tupperware Europe, Africa & Middle East, succeeding Simon Hemus, Vice Chairman, who will retire from the Company December 31, 2018, as previously... More