Tupperware Brands Corp. Q1 Profit Decreases, misses estimates

Tupperware Brands Corp. (TUP) released earnings for first quarter that decreased from the same period last year and missed the Street estimates.

The company's bottom line totaled $2.5 million, or $0.05 per share. This compares with $44.0 million, or $0.82 per share, in last year's first quarter.

Excluding items, Tupperware Brands Corp. reported adjusted earnings of $6.4 million or $0.12 per share for the period.

Analysts on average had expected the company to earn $0.52 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 15.9% to $348.1 million from $413.9 million last year.

Tupperware Brands Corp. earnings at a glance (GAAP) :

-Earnings (Q1): $2.5 Mln. vs. $44.0 Mln. last year.
-EPS (Q1): $0.05 vs. $0.82 last year.
-Analyst Estimates: $0.52
-Revenue (Q1): $348.1 Mln vs. $413.9 Mln last year.

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