Tupperware Brands Reports Second Quarter 2015 Results
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Tupperware Brands (TUP) PT, Estimates Trimmed at Piper Jaffray; Maintains 'Overweight'
July 23, 2015 8:52 AM EDTPiper Jaffray analyst Stephanie Wissink trimmed her price target on Tupperware Brands (NYSE: TUP) to $76.00 (from $77.00) but maintained an Overweight rating following Q2 results.
Wissink commented, "Our near-term thesis surrounding regional mix and human capital based improvements is being tested by a more highly volatile... More
Tupperware Brands (TUP) Tops Q2 EPS by 4c
July 22, 2015 7:02 AM EDTTupperware Brands (NYSE: TUP) reported Q2 EPS of $1.21, $0.04 better than the analyst estimate of $1.17. Revenue for the quarter came in at $588.9 million versus the consensus estimate of $590.59 million.
Rick Goings, Chairman and CEO, commented, "Second quarter sales results were up 4% in local currency, just marginally below the low end of our guidance. While we continue to see strong performances in Argentina, Brazil, China, and Tupperware U.S. and Canada, the actions taken to improve performance in Indonesia gave us a smaller sequential improvement in the quarter than we had... More
