Tupperware Brands Corporation recently announced first quarter 2017 operating results.
Rick Goings, Chairman and CEO, commented, “Local currency sales grew 6% in the first quarter, beating the high-end of our sales guidance by 3 points, driven by 9% growth in our emerging market businesses, most significantly in Brazil, China, Tupperware Mexico and Tupperware South Africa.
Adjusted earnings per share was 7 cents above the high-end of our range, including a 2 cent benefit from foreign exchange rates versus our February guidance.”
Goings continued, “Solid execution of direct selling fundamentals, along with innovative digital strategies across the portfolio, allowed more of our businesses to leverage our strong aspirational brand and provide an earnings opportunity that builds confidence in the 3.2 million women of our global sales force.
With double digit sales force size advantages and the wind at
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Primerica Announces 2015 Q1 Up 6% To $343.9 Million
by Nicole Dunkley • • 0 Comments
Primerica, Inc. announced today financial results for the quarter ended March 31, 2015. Total revenues were $345.1 million in the first quarter of 2015 and net income was $43.4 million, or $0.82 per diluted share.
Operating revenues increased by 6% in the first quarter of 2015 to $343.9 million compared with $324.1 million in the year ago quarter primarily driven by solid Term Life performance that includes strong policy persistency, 9% growth in net premiums and a 13% growth in policies issued. Investment and Savings Products (ISP) continued to perform well in the first quarter with a 7% increase in sales and 7% growth in ending client asset values.
While revenue drivers were positive during the quarter, the timing of expense recognition for annual equity awards granted to retirement eligible employees led to a