Tupperware Brands Corporation TUP is expected to post a profit increase in the first quarter of 2021 when it reports results on May 5.
In the last 30 days, the Zacks Consensus Estimate for earnings has remained constant at 66 cents per share. The consensus figure represents an increase over the year-ago quarter’s earnings of 9 cents.
Important Factors to Consider
Tupperware’s first-quarter results are likely to have benefited from an increase in new customers, as well as efforts to improve business across digital channels and social media networks. The organization has been undergoing digital transformation to motivate its sales force and efficiently reach out to consumers.
Furthermore, during the pandemic, the business has benefited from increased demand resulting from increased at-home dining trends and a reduction in the use of single-use goods. Additionally, attempts to improve assortment strength, such as innovations, product promotions, and an emphasis on developing core abilities in direct selling, are likely to have benefited the business.
Aside from these factors, the company’s first-quarter output is likely to have benefited from cost savings created by measures taken as part of its turnaround plan. Among other things, the strategy calls for right-sizing the cost structure, improving liquidity, and exiting and divesting non-core properties.