Tupperware Brands Corp (TUP) is up over 10% since reporting top and bottom line beats on Monday with EPS climbing 8% and revenues up 6%.
The company is now much more than just a food container manufacturer. It owns a range of beauty and personal care lines and generates only 9% of sales in the US with emerging markets accounting for 66% of sales.
Chief Executive Rick Goings said revenues were driven by a 9% increase in emerging markets, led by Brazil and China. The roll out is at an early stage in China and the product has been well received at demonstrations with sales increasing 38%.
The stock price is up 37.5% this year but with a PE of 16.41 and dividend yield of 3.76% it looks cheap.
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