Tupperware Brands Reports First Quarter 2020 Results
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Tupperware Brands (TUP) Misses Q1 EPS by 47c, Revenues Miss; Withdraws FY20 Guidance
April 29, 2020 7:09 AM EDTTupperware Brands (NYSE: TUP) reported Q1 EPS of $0.09, $0.47 worse than the analyst estimate of $0.56. Revenue for the quarter came in at $375.9 million versus the consensus estimate of $396.58 million.
First Quarter Financial & Operational Updates
First quarter sales down 23% versus last year and 17% in local currency1, the comparison includes $15M of B2B sales in the prior year; otherwise, local currency sales would have been down 15%.GAAP diluted E.P.S. loss of $0.16 versus income of $0.76 in the prior year period.Adjusted* diluted E.P.S. is income of $0.09 vs. $0.80 in the... More