OpTree

Tupperware Brands Corporation (NYSE: TUP) announced their fourth quarter and full years 2008 sales and profit numbers. Despite the faltering economy, the news and numbers were not all bad.

While sales increased in the fourth quarter, the company said that sales were negatively impacted by poor foreign exchange rates. This caused a sales decreased of 10% percent compared to 2007.

 its profit for the fourth quarter ending Dec. 27 reached $65.8 million, or $1.06 per diluted share, up from $54.9 million, or 88 cents per diluted share, from the same period in 2007, helped by the disposal of assets.

The increased profit came as sales dropped 10 percent year over year. It had sales of $521.7 million during quarter, down from $576.9 million the year before.

For the full year, the Kissimmee-based company (NYSE: TUP) had a net income of $161.4 million, or $2.56 per share, compared to a net income of $116.9 million, or $1.87 per share. Sales for the year were $2.16 billion, up from $1.98 billion in 2007.

Chairman and CEO, Rick Goings commented, “We were pleased to hold our own in the fourth quarter in light of the difficult external environment. Sales in our emerging market businesses increased 11% in local currency and our established market businesses were down 4% in local currency in the quarter. Among our established markets, France was a stand out on the positive side and we were pleased to have a 5% local currency increase in company sales by Tupperware United States and Canada. We were also pleased to be able to reduce our outstanding debt in 2008, while continuing to support our 88 cent per share annual dividend, which reflected the strong cash flow that our business generates.”

Tupperware held its conference call on February 4th and is now archived for all of you who would like to listen in to it on www.tupperwarebrands.com

Popularity: 86% [?]

Tupperware Brands (NYSE: TUP)announced second quarter results and for the fifth straight year, has seen double digit sales growth.

Second quarter sales in 2008 grew 18% to $584 million. Tupperware Beauty Segments sales grew 17%. The company, which has five diverse sales segments saw increase in sales in all five segments.

Tupperware was also thrilled that the number of active representatives grew 10% percent this quarter, probably due to the faltering economy, and the need for second jobs and supplemental income.

Rick Goings, CEO and Chairman of Tupperware was very happy with the second quarter results,”We are pleased to report another quarter of double-digit sales growth with contributions from all
segments. Even with a back drop of spotty economic conditions in some of our markets, we are optimistic entering the third quarter with a double-digit sales force size advantage. Our geographic and product diversity coupled with our emerging market presence continues to act as a natural hedge to help mitigate challenges we see in isolated markets.”

Tupperware has had higher than normal manufacturing costs this year, as natural oil and gas prices went up, so did resin prices. Tupperware uses resin in the making of many of their plastics.

A full report on the second quarter sales and earnings are available on the Tupperware website. For those of you who read this in time, Tupperware will hold a call at 10 AM eastern Thursday the 24th, but for those who cant make it, the call will be archived and available online as well.

Popularity: 2% [?]