Tupperware Brands Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 29, 2012; Provides Earnings Guidance for the First Quarter Ending March 30, 2013 and Full Year Ending December 29, 2013
January 29, 2013 at 04:08 pm
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Tupperware Brands Corporation reported unaudited consolidated earnings results for the fourth quarter and full year ended December 29, 2012. For the quarter, the company reported net sales of USD 711.0 million against USD 676.1 million a year ago. Operating income was USD 112.0 million against USD 122.0 million a year ago. Interest income was USD 0.6 million against USD 0.7 million a year ago. Income before income taxes was USD 103.5 million against USD 114.2 million a year ago. Net income was USD 74.5 million against USD 86.9 million a year ago. Diluted earnings per share were USD 1.34 against USD 1.50 a year ago.
For the full year, the company reported net sales of USD 2,583.8 million against USD 2,585.0 million a year ago. Operating income was USD 306.5 million against USD 342.3 million a year ago. Interest income was USD 2.5 million against USD 3.2 million a year ago. Income before income taxes was USD 272.8 million against USD 295.3 million a year ago. Net income was USD 193.0 million against USD 218.3 million a year ago. Diluted earnings per share were USD 3.42 against USD 3.55 a year ago. Net cash provided by operating activities was USD 298.7 million against USD 274.7 million a year ago. Capital expenditures were USD 75.6 million against USD 73.9 million a year ago.
For the first quarter ending March 30, 2013, the company expects USD sales growth to be in the range between 2% and 4%. GAAP EPS to be in the range between USD 1.04 and USD 1.09. GAAP Pre-Tax ROS to be in the range between 11.4% and 11.8%. EPS Excluding Items to be in the range between USD 1.09 and USD 1.14. Pre-Tax ROS excluding items to be in the range of 12.0% to 12.3%.
For the full year ending December 29, 2013, the company expects USD sales growth to be in the range between 5% and 7%. GAAP EPS to be in the range between USD 5.47 and USD 5.62. GAAP Pre-Tax ROS to be in the range between 13.9% and 14.0%. EPS Excluding Items to be in the range between USD 5.62 and USD 5.77. Pre-Tax ROS excluding items to be in the range of 14.3% to 14.4%. Income before income taxes to be in the range of USD 378.7 million to USD 389.3 million. Income tax to be in the range of USD 92.0 million against USD 94.6 million. Net Income (GAAP) to be in the range of USD 286.7 million to USD 294.7 million. Net Income (adjusted) to be in the range of USD 294.6 million to USD 302.6 million.
Tupperware Brands Corporation is a global consumer products company. It is engaged in marketing, manufacturing, and selling design-centric preparation, storage, and serving solutions for the kitchen and home through the Tupperware brand name. It is primarily designing functional products to help store, serve, and prepare food. The Company operates its business through four geographic regions: Asia Pacific, Europe (Europe, Africa and the Middle East), North America and South America. Its Tupperware brand product line consists of cookware, knives, microwave products, microfiber textiles, water-filtration-related items and an array of products for on-the-go consumers. Its products include XtremAqua Freezable Bottle, Universal Cookware Set, SuperSonic Choppers and others. It distributes its products in approximately 70 countries through independent representatives around the world. It has more than 8,500 functional design and utility patents for solution-oriented kitchen and home products.
Tupperware Brands Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 29, 2012; Provides Earnings Guidance for the First Quarter Ending March 30, 2013 and Full Year Ending December 29, 2013