Topic: Growth Stocks

Wall Street Stock Forecaster Hotline – Friday, October 28, 2011

Article Excerpt

TUPPERWARE BRANDS CORP., $59.47, New York symbol TUP, makes high-quality household products, including plastic food and beverage containers and educational toys. It also makes wide range of cosmetics, bath oils and fragrances. The company continues to see strong demand in fast-growing economies, such as Asia and Latin America. Tupperware now gets 63% of its sales from these markets. That’s helping it offset slower sales in North America and Europe. In the three months ended October 1, 2011, Tupperware earned $50.3 million. That’s up 23.3% from $40.8 million a year earlier. During the quarter, the company spent $195.7 million on share buybacks. Due to fewer shares outstanding, earnings per share rose 29.7%, to $0.83 from $0.64. These figures exclude a writedown of a beauty-products business that Tupperware purchased in 2005. On this basis, the latest earnings matched the consensus estimate. Sales rose 15.2%, to $602.6 million from $523.2 million a year earlier. If you exclude the positive impact of currency-exchange rates, sales…