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Margins improve for Tupperware although forex impacts sales growth

Oct. 22, 2014 9:19 AM ETTupperware Brands Corporation (TUP) StockBy: Mohit Manghnani, SA News Editor1 Comment
  • Tupperware (NYSE:TUP) revenue of $603M (-2% Y/Y, +4% in constant currency).
  • Europe $144.7M (-6% Y/Y, -1% in constant currency).
  • APAC $207.3M (+1% Y/Y, +3% in constant currency).
  • TW North America $80.6M (+5% Y/Y, +6% in constant currency),
  • Beauty North America $96.7M (-7% Y/Y, -6% in constant currency).
  • South America $96.7M (-8% Y/Y, +25% in constant currency).
  • Gross Margin +240 bps to 66.9% vs. 64.5% last year.
  • Operating Margin +330 bps to 12.7%.
  • Q3 earnings, Shares flat PM.

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