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Tupperware Raises Outlook as Quarterly Profit Tops Expectations

Tupperware Brands Corp. TUP 0.05 % on Wednesday raised its outlook for the year after posting better-than-expected earnings, though revenue fell as the stronger dollar continued to dent results for the maker of plastic food containers, which has a heavy overseas presence.

For the year, Tupperware now expects earnings of $4.28 to $4.38 a share, compared with previous guidance for $3.81 to $3.91 a share. And Tupperware now expects sales to be flat to down 2%, compared with previous guidance for a revenue decline of 4% to 6%.

For the current quarter, the company forecast adjusted earnings of $1.07 to $1.12 a share, below analysts’ expectations for $1.13. But sales are expected to fall 3% to 5%, less than the 7% decline analysts...


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