Tupperware Brands Successful Turnaround Under Way
ORLANDO, Fla., March 10, 2021 /PRNewswire/ -- (NYSE: TUP) Tupperware Brands Corporation (the "Company") today reported operating results for the fourth quarter ended December 26, 2020.
Fourth Quarter Financial & Operational Updates
Fourth quarter sales up 17% versus last year and 20% in local currency
GAAP diluted E.P.S. of $0.41, versus $(1.47) in the prior year period
Adjusted* diluted E.P.S. of $0.14 vs. $(0.63) in the prior year period, which included a significantly higher operating tax rate of 89.1% in the fourth quarter of 2020; full-year operating tax rate of 46.9%
Achieved $72 million of Turnaround Plan gross cost savings for a total of $192 million in 2020
Full year 2020 free
