What's Up With Tupperware?
May 11, 2006 For long-term holders of Tupperware (NYSE: TUP), a Motley Fool Income Investor pick, the champagne for the next Tupperware party has been held on ice. The shares have basically treaded water over the past five years, now worth less than half their 1997 prices. However, the shares may be worth a look to the value crowd, given their decent valuation and favorable dividend yield.
In the first-quarter earnings Tupperware reported April 25, sales increased 30% -- 34% on a local-currency basis. Earnings per share came in at $0.26, ahead of previous guidance of $0.22-$0.24 per share. Negative foreign exchange translations dented results by $0.04 per share.
