Tupperware Brands Reports Mixed Fiscal Q2

Tupperware Brands reported fiscal Q2 sales rose 1% to $572.9 million from the year-ago period but missed the CapIQ mean for $580.19 million. Adjusted earnings in the quarter ended July 1 rose 4% to $1.21 from last year and beat forecasts for $1.20. The company said it has decided to wind-down Beauticontrol’s operations over approximately the next 60 to 90 days.

For fiscal Q3, the company expects adjusted EPS between $0.91 and $0.96, below the Street’s $0.98. Sales are seen growing 2% to 4% from the prior year period. FY adjusted EPS is seen between $4.66 and $4.76, in line with estimates of $4.70. Sales are seen up 3% to 4% from last year.

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