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Tupperware Brands Corporation Turnaround Plan Well Under Way
Sales Growth of 22% in the First Quarter of 2021
GAAP diluted earnings per share of $0.85
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ORLANDO, Fla., May 5, 2021 /PRNewswire/ Tupperware Brands Corporation (NYSE: TUP) today reported operating results for the first quarter ended March 27, 2021.
First Quarter 2021 Financial Highlights
Net sales of $460.3 million increased 22% vs. 2020, up 20% in local currency
GAAP diluted earnings per share were $0.85 compared to a loss of $(0.16) for the first quarter 2020
Adjusted
(1) diluted earnings per share were $0.82 compared to $0.09 in 2020
Net Income was $45.3 million compared to a net loss of $(7.8) million for the first quarter of 2020