Tupperware Brands Corp. (TUP) said that it is tracking towards the high-end of 4% to 6% growth in local currency sales outlook range for the third quarter.
The company said it has seen the expected trend improvement in Indonesia, France and Italy, and strong growth in its businesses in Argentina, Brazil, China and Tupperware Mexico and South Africa in spite of the macros, which reflects the strength of its business model and skill of its local leadership.
Based on actual foreign exchange rates for July and August rates thereafter, the third quarter impact of changes in foreign exchange rates on the Company's 2015 earnings per share comparison with 2014 would be negative 26 cents per share. There was a negative 22 cent impact included in the guidance provided in July in the Company's second quarter 2015 earnings release.
The Company noted that it plans to release its third quarter 2015 earnings results on October 20, 2015.
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