Tupperware Brands Corp. (TUP) reported second quarter adjusted EPS of $1.21 Wednesday morning, down from $1.47 last year. Net sales declined to $588.9 million from $674.3 million in the previous year. The consensus estimates were for EPS of $1.17 and revenues of $590.59 million.
The company expects to report third quarter adjusted EPS of $0.69 to $0.74 and between $4.42 and $4.52 for the full year. Analysts are expecting EPS of $0.83 and $4.66.
Tupperware Brands gapped open lower Wednesday and is now down 6.38 at $58.00 on above average volume. The stock has dropped below support and has set a new low for the year.
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