Tupperware (TUP) reported earnings on Wed 19 Oct 16 (b/o)

** charts after earnings **

 

Tupperware beats by $0.07, misses on revs; guides Q4 EPS below consensus, revs in-line :

• Reports Q3 (Sep) earnings of $0.87 per share, excluding non-recurring items, $0.07 better than the Capital IQ Consensus of $0.80; revenues rose 0.2% year/year to $521.8 mln vs the $528.34 mln Capital IQ Consensus.
• Co issues guidance for Q4, sees EPS of $1.34-1.42, excluding non-recurring items, vs. $1.44 Capital IQ Consensus Estimate; sees Q4 revs of +5-7% to ~$621.6-633.5 vs. $626.56 mln Capital IQ Consensus Estimate. 
• Tupperware North America segment sales up 4% in dollars and 9% in local currency. Tupperware Mexico down 2% in dollars and up 12% in local currency; United States and Canada up 6%.
• For the full year, sales are expected to be down 8% in dollars (5 or 6% in local currency) in Europe, down about 1% in dollars (up 1% in local currency) in Asia Pacific, up about 2% in dollars (9% in local currency) in Tupperware North America, down about 20% in dollars (10% in local currency) in Beauty North America and to increase in South America by about 16 or 17% in dollars (30 or 31% in local currency).