Tupperware Brands Corporation today announced third quarter 2016 operating results.
Rick Goings, Chairman and CEO, commented, “Up against the prior year’s successful third quarter that achieved 7% local currency growth, sales were even on a dollar basis and grew 2% in local currency – the low end of our range, with excellent results in Argentina, Brazil, China, and Tupperware Mexico.”
Goings continued, “Despite this modest top line result, we once again delivered adjusted earnings above the high-end of our range, demonstrating the dynamic flexibility of our business model, our strong leadership team and how we can navigate through challenging environments with our 3.1 million global sales force and produce consistent solid results.”
Third Quarter Executive Summary
Third quarter 2016 net sales were $521.8 million, up slightly in dollars and 2% in local currency. Emerging markets**,