Tupperware quarterly results miss analysts' estimates

Wed Jan 29, 2014 7:39am EST

Jan 29 (Reuters) - Food storage maker Tupperware Brands Corp reported lower-than-expected quarterly results, hurt by weak sales in established markets such as Germany, Canada and the United States.

Net income rose to $89.7 million, or $1.74 per share, for the fourth quarter ended Dec. 28 from $74.5 million, or $1.34 per share, a year earlier.

Excluding items, the direct-selling company earned $1.81 per share.

Sales rose 1 percent to $717 million.

Analysts on average had expected a profit of $1.84 per share on revenue of $727.9 million, according to Thomson Reuters I/B/E/S. (Reporting By Shailaja Sharma)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.