Tupperware Brands Corporation Declares Regular Quarterly Dividend, Payable on April 4, 2016; Reports Unaudited Consolidated Earnings Results for the Thirteen Weeks and Fifty Two Weeks Ended December 26, 2015; Provides Earnings Guidance Thirteen Weeks Ending March 26, 2016 and Fifty Three Weeks Ending December 31, 2016
January 27, 2016 at 07:00 am EST
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Tupperware Brands Corporation declared the regular quarterly dividend. The dividend declared was 68 cents per share, even with the previous quarter. It is payable on April 4, 2016 to shareholders of record as of March 18, 2016.
The company reported unaudited consolidated earnings results for the thirteen weeks and fifty two weeks ended December 26, 2015. For the thirteen weeks, the company reported net sales of $592.1 million against $679.9 million a year ago. Operating income was $93.3 million against $118.8 million a year ago. Income before income taxes was $81.7 million against $109.5 million a year ago. Net income was $58.1 million against $82.3 million a year ago. Diluted earnings per share was $1.15 against $1.63 a year ago. Excluding adjustments net income was $68.4 million against $86.8 million a year ago. Excluding adjustments diluted earnings per share was $1.35 against $1.72 a year ago.
For the fifty two weeks, the company reported net sales of $2,283.8 million against $2,606.1 million a year ago. Operating income was $315.2 million against $367.7 million a year ago. Income before income taxes was $259.9 million against $298.2 million a year ago. Net income was $185.8 million against $214.4 million a year ago. Diluted earnings per share was $3.69 million against $4.20 million a year ago. Excluding adjustments net income was $220.5 million against $274.6 million a year ago. Excluding adjustments diluted earnings per share was $4.37 against $5.38 a year ago. Net cash provided by operating activities was $227.2 million against $284.1 million a year ago. Capital expenditures was $62.6 million against $69.4 million a year ago. Total Adjusted EBITDA was $389.7 million.
For the thirteen weeks ending March 26, 2016, the company expects USD sales growth vs prior year between 12% to 10%; GAAP EPS between $0.74 to $0.79; local currency+ sales growth versus prior year EPS between 1% to 3%; and EPS excluding items between $0.81 to $0.86.
For the fifty three weeks ending December 31, 2016, the company expects USD sales growth vs prior year between 6% to 4%; GAAP EPS between $3.81 to $3.91; local currency+ sales growth versus prior year EPS between 3% to 5%; and EPS excluding items between $4.07 to $4.17. The company expects income before income taxes between $256.1 million to $262.9 million; Net Income (GAAP) between $63.4 million to $65.1 million; net Income (adjusted) between $206.0 million to $211.0 million; effective income tax rate of 25%.
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 Declares Regular Quarterly Dividend, Payable on April 4, 2016; Reports Unaudited Consolidated Earnings Results for the Thirteen Weeks and Fifty Two Weeks Ended December 26, 2015; Provides Earnings Guidance Thirteen Weeks Ending March 26, 2016 and Fifty Three Weeks Ending December 31, 2016
TUPPERWARE BRANDS CORPORATION 
