sales beat estimates+new management team+turnaround plan
after sales beat estimates in latest quarter
company reported progress with its turnaround, including a 60% jump in second-quarter share earnings.
Quarterly Results
Earnings per share fell 14.29% year over year to $0.84, which may not compare to the estimate of $0.14.
Revenue of $397,400,000 declined by 16.39% year over year, which beat the estimate of $316,200,000.
In the second quarter we pivoted to a new way to lead the business, a new way to operate the company and embraced a new growth strategy
"Our performance reflects progress made to right-size our cost structure and improve liquidity."
Tupperware is increasing its efforts to "contemporize Tupperware" and to leverage the consumer influence" of its brand
the company has a new management team and a turnaround plan. By cutting costs, tackling debt, and getting rid of certain business elements, Tupperware was able to boost its profit in Q2. A lot.
The net profit for Tupperware is important. The company's current liabilities (including current portion of long-term debt) are $1.2 billion. The heavy load is partly why the company was left for dead earlier this year, as investors questioned its long-term viability. However, it was able to retire $100 million of debt during Q2, improving its prospects.
Over the last 12 months, it has generated negative EPS, even after the quarterly beat. Stable profits and revenue are some of the characteristics that make a great value buy, and Tupperware hasn't demonstrated those lately. One quarter
finance.yahoo.com/ne...nings-110825484.html
www.thestreet.c...around-progress?puc=yahoo&...
www.fool.com/investi...-stock-continue.aspx
company reported progress with its turnaround, including a 60% jump in second-quarter share earnings.
Quarterly Results
Earnings per share fell 14.29% year over year to $0.84, which may not compare to the estimate of $0.14.
Revenue of $397,400,000 declined by 16.39% year over year, which beat the estimate of $316,200,000.
In the second quarter we pivoted to a new way to lead the business, a new way to operate the company and embraced a new growth strategy
"Our performance reflects progress made to right-size our cost structure and improve liquidity."
Tupperware is increasing its efforts to "contemporize Tupperware" and to leverage the consumer influence" of its brand
the company has a new management team and a turnaround plan. By cutting costs, tackling debt, and getting rid of certain business elements, Tupperware was able to boost its profit in Q2. A lot.
The net profit for Tupperware is important. The company's current liabilities (including current portion of long-term debt) are $1.2 billion. The heavy load is partly why the company was left for dead earlier this year, as investors questioned its long-term viability. However, it was able to retire $100 million of debt during Q2, improving its prospects.
Over the last 12 months, it has generated negative EPS, even after the quarterly beat. Stable profits and revenue are some of the characteristics that make a great value buy, and Tupperware hasn't demonstrated those lately. One quarter
finance.yahoo.com/ne...nings-110825484.html
www.thestreet.c...around-progress?puc=yahoo&...
www.fool.com/investi...-stock-continue.aspx