sales beat estimates+new management team+turnaround plan
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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
https://finance.yahoo.com/news/recap-tup...
https://www.thestreet.com/investing/tupp...
https://www.fool.com/investing/2020/07/2...
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
https://finance.yahoo.com/news/recap-tup...
https://www.thestreet.com/investing/tupp...
https://www.fool.com/investing/2020/07/2...
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