Topic: Growth Stocks

Wall Street Stock Forecaster Hotline – Friday, July 25, 2014

Article Excerpt

TUPPERWARE BRANDS CORP., $74.04, New York symbol TUP, makes household products, including educational toys and plastic food and beverage containers. It also produces a range of cosmetics, bath oils and fragrances. This week, the company reported quarterly earnings that matched the consensus estimate. However, weaker sales in developed markets like North America and Europe prompted it to cut its full-year sales and earnings projections. That caused the stock to fall 12%. Excluding unusual items, Tupperware’s earnings declined 4.1% in the three months ended June 28, 2014, to $75.1 million from $78.3 million a year earlier. Per-share earnings rose 0.7%, to $1.47 from $1.46, on fewer shares outstanding. Sales fell 2.0%, to $674.3 million from $688.4 million. The company continues to see strong demand in fast-growing countries like Brazil, China, South Africa and Turkey. It now gets 66% of its sales from emerging markets, where sales rose 10% in the latest quarter, excluding the negative impact of exchange rates. However, sales in developed countries…