The 10-second takeaway
For the quarter ended Dec. 29 (Q4), Tupperware Brands met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share shrank.
Gross margins contracted, operating margins increased, net margins shrank.
Tupperware Brands logged revenue of $711.0 million. The six analysts polled by S&P Capital IQ expected revenue of $706.4 million on the same basis. GAAP reported sales were 5.2% higher than the prior-year quarter's $676.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.71. The nine earnings estimates compiled by S&P Capital IQ predicted $1.69 per share. GAAP EPS of $1.34 for Q4 were 10% lower than the prior-year quarter's $1.49 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 66.7%, 10 basis points worse than the prior-year quarter. Operating margin was 18.4%, 10 basis points better than the prior-year quarter. Net margin was 10.5%, 240 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $664.9 million. On the bottom line, the average EPS estimate is $1.15.
Next year's average estimate for revenue is $2.72 billion. The average EPS estimate is $5.56.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 408 members out of 427 rating the stock outperform, and 19 members rating it underperform. Among 142 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 137 give Tupperware Brands a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Tupperware Brands is outperform, with an average price target of $75.57.
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