Tupperware Brands (TUP) has a market cap of $3.3 billion. It fell by 0.38% to close at $64.89 per share on August 17, 2016. The stock’s weekly, monthly, and YTD (year-to-date) price movements were 1.8%, 11.7%, and 19.5%, respectively, on the same day. TUP is trading 2.6% above its 20-day moving average, 9.5% above its 50-day moving average, and 18.0% above its 200-day moving average.
Related ETF and peers
The Vanguard Small-Cap Value ETF (VBR) invests 0.16% of its holdings in Tupperware. The ETF aims to track the CRSP US Small Cap Value Index. The index selects from a list of stocks in the 85%-99% market cap range based on five value factors. The YTD price movement of VBR was 12.4% on August 17.
The market caps of Tupperware’s competitors are as follows:
Tupperware declared dividend
Tupperware Brands has declared a regular quarterly dividend of $0.68 per share on its common stock. The dividend will be paid on October 3, 2016, to shareholders of record as of September 20, 2016.
Performance of Tupperware Brands in fiscal 2Q16
Tupperware Brands reported fiscal 2Q16 net sales of $564.7 million, a fall of 4.1% compared to net sales of $588.9 million in fiscal 2Q15. Net sales of the Europe, Beauty North America, and TW North America segments fell by 12.6%, 19.0%, and 0.75%, respectively.
Net sales of the South America and Asia segments rose by 7.7% and 1.5%, respectively, in fiscal 2Q16 compared to the prior-year period. The company’s gross profit margin and operating income fell by 0.67% and 17.7%, respectively, in fiscal 2Q16 compared to fiscal 2Q15.
Its net income and EPS (earnings per share) fell to $52.4 million and $1.03, respectively, in fiscal 2Q16 compared to $62.0 million and $1.23, respectively, in fiscal 2Q15.
Tupperware Brands’ cash and cash equivalents fell by 1.0% in fiscal 2Q16 compared to fiscal 4Q15. Its current ratio rose to 0.93x, and its long-term debt-to-equity ratio fell to 3.4x in fiscal 2Q16. That compares to a current ratio and long-term debt-to-equity ratio of 0.90x and 3.8x, respectively, in fiscal 4Q15.
Tupperware Brands has made the following projections for fiscal 3Q16:
- US dollar sales growth of 1%–3%
- EPS of $0.94–$0.99
- local currency sales growth of 2%–4%
The company has made the following projections for fiscal 2016:
- US dollar sales growth of -2% to -1%
- EPS of $4.18–$4.28
- local currency sales growth of 3%–4%
- tax rate of ~26.8% on a US GAAP (generally accepted accounting principles) basis
In the next part, we’ll take a look at WhiteWave Foods.