Tupperware Earnings: Here’s Why the Stock is Down Now

Tupperware Brands Corporation (NYSE:TUP) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 3.93%.

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Tupperware Brands Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 14.56% to $1.18 in the quarter versus EPS of $1.03 in the year-earlier quarter.

Revenue: Rose 3.66% to $662.9 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Tupperware Brands Corporation reported adjusted EPS income of $1.18 per share. By that measure, the company beat the mean analyst estimate of $1.13. It missed the average revenue estimate of $662.93 million.

Quoting Management: Rick Goings, Chairman and CEO, commented, “I’m pleased that our positive trends in sales and profit growth have continued in 2013, with local currency sales up 6% and profit, excluding items, 4 cents ahead of the high end of our guidance. Our ability to increase sales, even in challenging macro-economic environments, continues to illustrate the benefits of being a global portfolio of businesses in emerging and established markets, enabling us to consistently deliver solid top and bottom-line growth. Sales in our emerging markets** were up 13%, in local currency, in the quarter and comprised 62% of our sales. Our established markets were down 3% in local currency. Our growth in the emerging markets is driven by the power of our channel, our brand and the opportunity we provide women. I’m confident that we’ll be able to grow our established markets in the future, as we continue to provide innovative products and a real earning opportunity to our sales force. Around the world, we have a lot of runway left.”

Key Stats (on next page)…

Revenue decreased 6.77% from $711 million in the previous quarter. EPS decreased 30.99% from $1.71 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $1.44 to a profit $1.47. For the current year, the average estimate has moved up from a profit of $5.55 to a profit of $5.7 over the last ninety days.

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