By Michael Dabaie
Tupperware Brands Corp.’s second-quarter earnings fell but remained above analyst estimates.
The kitchen and home products company reported net income of $35.6 million, down from $63.8 million a year earlier. Earnings per share were 67 cents, down from $1.30. The company cited prior-year gains on extinguishment of debt and sale of property for the decrease in net income and GAAP EPS.
Adjusted EPS came to 95 cents, beating FactSet consensus of two estimates for 57 cents.
Net sales were $464.7 million, up from $397.4 million and above a single FactSet estimate of $460.2 million.
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