Tupperware Brands Corporation has announced first quarter 2015 operating results, and reported that the company’s U.S. and Canadian sales were up 7%.
Rick Goings, Tupperware Brands chairman and CEO, said that overall, “We delivered right in the middle of our sales guidance in the first quarter, up 3% in local currency, despite a difficult comparison and a few challenged markets, demonstrating the strength of our diversified global portfolio. Significant contributors to sales growth were Argentina, Brazil,China, Tupperware U.S. and Canada, and the South African businesses.”
Tupperware reported that its first quarter 2015 net sales were $582 million. It also reported a GAAP net income of $29.5 million, down 44% versus prior year GAAP net income of $52.2 million. Excluding the impact of foreign currency rates on the comparison, net income was down 16% versus prior year, noted the company.