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Tupperware falls after weak guidance, dividend cut

Jan. 30, 2019 7:23 AM ETTupperware Brands Corporation (TUP) StockBy: Clark Schultz, SA News Editor12 Comments
  • 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)

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