Tupperware Brands Earnings: Here’s Why the Stock is Up Now

Tupperware Brands Corporation (NYSE:TUP) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1.28%.

Tupperware Brands Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 11.45% to $1.46 in the quarter versus EPS of $1.31 in the year-earlier quarter.

Revenue: Rose 7.75% to $688.4 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Tupperware Brands Corporation reported adjusted EPS income of $1.46 per share. By that measure, the company beat the mean analyst estimate of $1.44. It beat the average revenue estimate of $677.32 million.

Quoting Management: Rick Goings, Chairman and CEO, commented, “Our second quarter results reinforce the importance of operating Tupperware Brands as a truly global business with a strong footprint across both established and emerging market economies. This provides us with a well-balanced source of earnings, reducing our reliance on any one market, while allowing us the opportunity to successfully cross pollinate ideas, products and practices around the world as we grow. But once more, the emerging markets have been the key driver of sales and profitability this quarter with particularly strong growth across both South America and Asia. Our strong position and growth in these emerging markets is driven by the power of our channel, our brand and our reputation for quality, which allows us to capitalize on the opportunities arising from more fully penetrating these markets and their emerging middle classes.”

Key Stats (on next page)…

Revenue increased 3.85% from $662.9 million in the previous quarter. EPS increased 23.73% from $1.18 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.11 to a profit $1.08. For the current year, the average estimate has moved down from a profit of $5.68 to a profit of $5.6 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)