Tupperware Brands Corp. said its normalized net income for the fiscal fourth quarter ended Dec. 26, 2015, was $1.06 per share, compared with the S&P Capital IQ consensus estimate of $1.38 per share.
EPS fell 20.2% year over year from $1.33.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $53.4 million, a decrease of 20.4% from $67.1 million in the year-earlier period.
The normalized profit margin climbed to 10.4% from 9.9% in the year-earlier period.
Total revenue decreased 12.9% on an annual basis to $592.1 million from $679.9 million, and total operating expenses decreased 11.1% on an annual basis to $496.8 million from $558.8 million.
Reported net income fell 28.9% from the prior-year period to $58.2 million, or $1.15 per share, from $81.9 million, or $1.62 per share.
For the year, the company's normalized net income totaled $3.49 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $4.41.
EPS declined 18.9% from $4.30 in the prior year.
Normalized net income was $175.9 million, a decrease of 19.9% from $219.5 million in the prior year.
Full-year total revenue declined 12.4% from the prior-year period to $2.28 billion from $2.61 billion, and total operating expenses decreased 11.9% on an annual basis to $1.96 billion from $2.23 billion.
The company said reported net income decreased 13.2% on an annual basis to $186.0 million, or $3.69 per share, in the full year, from $214.2 million, or $4.20 per share.