News Column

BRIEF: Tupperware profit increases but misses expectations

January 29, 2014

By Sandra Pedicini, Orlando Sentinel

Jan. 29 -- Orlando -based Tupperware Brands Corporation's sales and profit climbed in its fourth quarter, but both those results and the outlook for its current year missed analyst estimates. Sales increased 1 percent to $717.1 million and profit jumped 20 percent to $89.7 million , or $1.74 per share. Sales were up 1 percent in U.S. dollars and 5 percent in local currency. Analysts had expected profit of $1.84 per share. Emerging markets, accounting for 63 percent of sales, increased 12 percent in local currency. Sales in established markets were down 5 percent. Tupperware said it expects 2014 profit to be $5.51-$5.66 per share. Analysts were expecting $6.02 per share. The board also approved a 10 percent increase in Tupperware's dividend of 68 cents per share. ___ (c)2014 The Orlando Sentinel (Orlando, Fla.) Visit The Orlando Sentinel (Orlando, Fla.) at Distributed by MCT Information Services

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Source: Orlando Sentinel (FL)

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