Sunday / May 22. 2022
menu-logo menu-logo
brand-logo
Subscribe
Subscribe
Sunday / May 22. 2022
  • Read
    • Daily News
      • Financial
      • Insights
      • U.S.
      • International
    • Cover Stories
    • Feature Articles
    • Company Spotlights
    • Exclusive Interviews
    • Executive Announcements
    • Forward Thinking
    • New Perspectives
    • Working Smart
    • From the Publisher
    • Digital Issue
  • Listen & Watch
    • Direct Approach
    • Iconic Insights
    • The DSN Podcast
  • Attend
    • Direct Selling University
    • Global Celebration
  • Achieve
    • Global 100 List
    • CCR Program
    • Best Places to Work
    • Bravo Awards
    • Legends
  • Join
    • Membership
    • VIP Community
  • Research
    • Digital Momentum Index
    • Stock Watch
    • Stock Ticker
    • Supplier Directory
    • Resources
  • About
    • About DSN
    • Subscribe
    • Advertise
    • Store
    • Connect
  • Search
Subscribe

Tupperware Posts Double-Digit Percentage Gain in Q3 EPS

BY DSN Staff | October 19, 2016 | read / Daily News

Photo: Flickr/PeacockModern


Tupperware Brands Corp. (TUP—NYSE) posted higher-than-expected earnings in the third quarter, while sales came in at the low end of management’s guidance.

In the quarter ended Sept. 24, the kitchenware company cleared a profit of $48.8 million, or 96 cents a share—a 35 percent jump from $36.2 million, or 72 cents a share, in the prior year. Analysts polled by Thomson Reuters had expected earnings of 80 cents. The bottom line was boosted by $24.2 million in pre-tax gains from real estate development adjacent to Tupperware’s Orlando headquarters.

Quarterly revenue was $521.8 million, edging above the prior year’s $521.0 million but missing the $528.1 million predicted by analysts. Emerging markets accounted for 71 percent of overall sales.

According to Chairman and CEO Rick Goings, “Despite this modest top line result, we once again delivered adjusted earnings above the high end of our range, demonstrating the dynamic flexibility of our business model, our strong leadership team and how we can navigate through challenging environments with our 3.1 million global salesforce and produce consistent results.”

On a regional basis, sales were up 30 percent in South America, driven by a 52 percent year-over-year increase—36 percent in local currency—in Brazil. Total active sellers in the segment rose 16 percent. Sales were flat in Asia Pacific and slightly higher in North America, while Europe sales fell 13 percent, or 7 percent in local currency.

Management expects fourth-quarter sales growth between 5 percent and 7 percent and earnings per share between $1.34 and $1.39.

Posted in Daily News
Related Articles
Coway Reports Q1 2022 Revenue of $730 Million  May 20, 2022

Coway Reports Q1 2022 Revenue of $730 Million 

Read more
LegalShield Partners with NEWITY to Provide Legal Services to Small Businesses  May 19, 2022

LegalShield Partners with NEWITY to Provide Legal Services to Small Businesses 

Read more
Should Virtual Conferences Be a Part of Your Sustainability Plan? May 17, 2022

Should Virtual Conferences Be a Part of Your Sustainability Plan?

Read more
brand-logo
The News You Need.
The Name You Trust.
Subscribe

Breaking global news, emerging trends and powerful stories conveniently curated to help direct selling executives stay informed, engaged and a step ahead.

  • Read
  • Listen & Watch
  • Attend
  • Achieve
  • Research
  • About
  • Connect
5800 Democracy Drive
Suite 100
Plano, Texas 75024
info@directsellingnews.com
Copyright 2022 Direct Selling News | All Rights Reserved
  • Privacy Policy
  • Terms of Use
  • Advertise
  • Subscribe
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT