Tupperware Brands (TUP) Tops Q1 EPS by 4c; Guides Slightly Below the Street

Tupperware Brands (NYSE: TUP) reported Q1 EPS of $1.02, $0.04 better than the analyst estimate of $0.98. Revenue for the quarter came in at $582 million versus the consensus estimate of $578.55 million.

Tupperware Brands sees Q2 2015 EPS of $1.14-$1.19, versus the consensus of $1.23.

Tupperware Brands sees FY2015 EPS of $4.60-$4.70, versus the consensus of $4.80.

Rick Goings, Chairman and CEO, commented, "We delivered right in the middle of our sales guidance in the first quarter, up 3% in local currency, despite a difficult comparison and a few challenged markets, demonstrating the strength of our diversified global portfolio. Significant contributors to sales growth were Argentina, Brazil, China, Tupperware U.S. and Canada, and the South African businesses."

Goings continued, "We feel confident in our ability to deliver improved results in the quarter ahead through the levers in our business model. At the same time, we look toward the future and executing our strategies to contemporize the business model, strengthen our core business fundamentals and extend our reach to better support and grow our 2.9 million global sales force."

For earnings history and earnings-related data on Tupperware Brands (TUP) click here.

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