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Tupperware Brands Corp Lowers FY 2013 Guidance; Issues Q3 2013 Guidance Below Analysts' Estimates


Wednesday, 24 Jul 2013 07:02am EDT 

Tupperware Brands Corp updated fiscal 2013 guidance based on current business trends and foreign currency rates. For fiscal 2013, it expects USD sales growth of 4%-5% versus prior year, GAAP EPS of $5.20-$5.30, local currency sales growth of 6%-7% versus prior year and EPS excluding items of $5.44-$5.54. For the third quarter of 2013, it expects USD sales growth of 3%-5% versus prior year, GAAP EPS of $0.96-$1.01, local currency sales growth of 5%-7% versus prior year and EPS excluding items of $0.99-$1.04. The Company reported revenue of $594.40 million in the third 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 $626.08 million and EPS of $1.08 the third quarter of 2013; and revenue of $2.704 billion and EPS of $5.60 for fiscal 2013. 

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