Tupperware Brands Corporation (TUP) Releases Earnings Results, Beats Expectations By $0.07 EPS

Tupperware Brands Corporation (TUP) announced its most recent quarterly financial results on Wednesday, Oct-19-2016. TUP said it had a profit of $0.87 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $0.80. The company posted revenue of $521.80 million in the period, compared to analysts expectations of $528.34 million. TUP’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 EPS.

Tupperware Brands Corporation opened for trading at $64.51 and hit $65.1 on the upside on Friday, eventually ending the session at $64.47, with a gain of 0.51% or 0.33 points. The heightened volatility saw the trading volume jump to 3,38,946 shares. Company has a market cap of $3,258 M.

In a different news, on Oct 4, 2016, Thomas M Roehlk (EVP, Chief Legal Officer & Sec) sold 2,000 shares at $65.84 per share price. According to the SEC, on Aug 5, 2016, Asha Gupta (Group President) sold 400 shares at $62.65 per share price. On May 13, 2016, Georges Jaggy (EVP & Chief Global Mrktg Offcr) sold 500 shares at $55.97 per share price, according to the Form-4 filing with the securities and exchange commission.

Tupperware Brands Corporation (Tupperware Brands) is a global direct-to-consumer company engaged in the manufacture and sale of Tupperware products and cosmetics and personal care products. The Company’s Europe Asia Pacific and Tupperware North America segments offer storage and serving solutions for the kitchen and home through the Tupperware brand. Europe segment includes Avroy Shlain which sells beauty and personal care products. Asia Pacific segment sells beauty and personal care products under the NaturCare Nutrimetics and Fuller brands. The Company’s Beauty North America segment offers cosmetics skin care and personal care products marketed under the BeautiControl brand in the United States Canada and Puerto Rico and the Armand Dupree and Fuller Cosmetics brands in Mexico and Central America. The Company’s South America segment offers both housewares and beauty products under the Armand Dupree Fuller Nuvo and Tupperware brands.

Tupperware Brands Corporation

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