- Tupperware Brands (NYSE:TUP) slides after the company issues disappointing guidance and lowers its dividend payout rate.
- Tupperware expects Q1 EPS of $0.90 to $0.95 vs. $0.95 consensus and full-year EPS of $4.06 to $4.21 vs. $4.48 consensus.
- "To enable a more aggressive investment in our growth strategy initiatives and potentially fund share repurchases, we have made the decision to redeploy approximately $80 million in annual cash flow that had previously been paid out in quarterly dividends," says Tupperware CEO Tricia Sitizel on the dividend action.
- TUP -4.5% premarket.
- Previously: Tupperware EPS in-line, misses on revenue (Jan. 30)
Tupperware falls after weak guidance, dividend cut
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About TUP Stock
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Symbol | Last Price | % Chg |
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TUP | - | - |
Tupperware Brands Corporation |