Tupperware Brands Corp. said Jan. 31 that it expects adjusted earnings per share for the fiscal first quarter ended March 31 to come in flat to slightly higher than the year-ago period, at $1.01 to $1.06, compared to $1.01 in the prior-year quarter.
The homeware products manufacturer also forecast sales growth of 1% to 3% in its fiscal first quarter, down from the 6% growth it reported in the same quarter the previous year.
For fiscal 2018, which ends Dec. 29, Tupperware expects adjusted EPS ranging between $5.09 and $5.24, higher than adjusted EPS of $4.84 reported in fiscal 2017.
Tupperware predicts sales growth of 2% to 4% in the full fiscal year, a slight increase from the 2% it reported in fiscal 2017.
In its fiscal fourth quarter of 2017, Tupperware reported adjusted net income of $81.50 million, or $1.59 per share. Tupperware posted $588.6 million in net sales in the fourth quarter, a 2% decline from the same quarter the previous year.
