Tupperware Brands Corp Issues Q1 2013 Guidance In Line With Analysts' Estimates; Issues FY 2013 Guidance; EPS Guidance Above Analysts' Estimates; Declares And Raises Dividend

Tupperware Brands Corp announced that for the first quarter of 2013, it expects USD sales growth of 2%-4% vs prior year, GAAP EPS of $1.04-$1.09, local currency sales growth of 5%-7% versus prior year and EPS excluding items of $1.09-$1.14. For fiscal 2013, it expects USD sales growth of 5%-7% versus prior year, GAAP EPS of $5.47-$5.62, local currency sales growth of 5%-7% versus prior year and EPS excluding items of $5.62-$5.77. The Company reported revenue of $639.5 million in the first quarter of 2012 and revenue of $2.584 billion in fiscal 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $666 million and EPS of $1.14 the first quarter of 2013; and revenue of 2.734 billion and EPS of $5.55 for fiscal 2013. The Company also announced that Board of Directors declared the Company's regular quarterly dividend. The dividend declared was 62 cents per share, up 72% from the previous quarterly dividend of 36 cents per share. It is payable on April 5, 2013 to shareholders of record as of March 20, 2013.