Tupperware Brands (TUPBQ) 8-K Results of Operations and Financial Condition

TUPPERWARE BRANDS CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(UNAUDITED)
	13 Weeks			13 Weeks			13 Weeks			13 Weeks			52 Weeks
	Ended			Ended			Ended			Ended			Ended
	Mar 27,			Jun 26,			Sep 25,			Dec 25,			Dec 25,
	2010			2010			2010			2010			2010
Net Sales:
Europe	$	224.4		$	186.5		$	155.5		$	229.6		$	796.0
Asia Pacific		126.8			137.0			145.2			175.0			584.0
TW North America		77.2			90.5			78.5			85.3			331.5
Beauty North America		93.5			106.6			96.7			109.3			406.1
South America		35.2			44.5			47.3			55.8			182.8
	$	557.1		$	565.1		$	523.2		$	655.0		$	2,300.4
Segment profit:
Europe	$	46.7		$	25.9		$	16.6		$	57.5		$	146.7
Asia Pacific		18.7			25.1			29.5			38.6			111.9
TW North America		8.4			20.0			9.8			14.7			52.9
Beauty North America		9.6			17.4			12.5			19.5			59.0
South America		0.9			6.3			7.4			9.9			24.5
		84.3			94.7			75.8			140.2			395.0
Unallocated expenses		(12.7	)		(12.6	)		(16.0	)		(15.5	)		(56.8	)
Gains on disposal of assets including insurance recoveries		-			-			0.2			-			0.2
Re-engineering and impairment charges		(1.6	)		(2.0	)		(0.4	)		(3.6	)		(7.6	)
Impairment of goodwill and intangible assets		-			-			-			(4.3	)		(4.3	)
Interest expense, net		(7.0	)		(6.4	)		(6.5	)		(6.9	)		(26.8	)
Income before taxes		63.0			73.7			53.1			109.9			299.7
Provision for income taxes		15.9			15.8			13.2			29.2			74.1
Net income	$	47.1		$	57.9		$	39.9		$	80.7		$	225.6
Net income per common share (diluted)	$	0.73		$	0.90		$	0.62		$	1.26		$	3.53
Weighted Average number of diluted shares		63.9			63.9			63.8			63.8			63.8
	13 Weeks			13 Weeks			13 Weeks			13 Weeks			52 Weeks
	Ended			Ended			Ended			Ended			Ended
	Mar 28,			Jun 27,			Sep 26,			Dec 26,			Dec 26,
		2009			2009			2009			2009			2009
Net Sales:
Europe	$	185.2		$	181.5		$	161.4		$	240.8		$	768.9
Asia Pacific		95.6			116.0			131.2			151.2			494.0
TW North America		61.2			81.0			78.5			76.2			296.9
Beauty North America		87.4			103.1			97.2			103.9			391.6
South America		33.4			43.1			45.7			53.9			176.1
	$	462.8		$	524.7		$	514.0		$	626.0		$	2,127.5
Segment profit:
Europe	$	30.4		$	30.9		$	18.3		$	62.2		$	141.8
Asia Pacific		10.0			18.4			24.5			32.0			84.9
TW North America		2.5			13.5			10.2			14.1			40.3
Beauty North America		9.6			17.4			9.7			15.5			52.2
South America		2.7			5.6			0.9			3.5			12.7
		55.2			85.8			63.6			127.3			331.9
Unallocated expenses		(12.8	)		(11.2	)		(11.3	)		(16.6	)		(51.9	)
Gains on disposal of assets including insurance recoveries		-			10.1			-			11.8			21.9
Re-engineering and impairment charges		(2.7	)		(1.4	)		(2.4	)		(1.5	)		(8.0	)
Impairment of goodwill and intangible assets		-			(28.1	)		-			-			(28.1	)
Interest expense, net		(7.4	)		(6.2	)		(7.6	)		(7.5	)		(28.7	)
Income before taxes		32.3			49.0			42.3			113.5			237.1
Provision for income taxes		6.7			15.9			10.0			29.4			62.0
Net income	$	25.6		$	33.1		$	32.3		$	84.1		$	175.1
Net income per common share (diluted)	$	0.41		$	0.52		$	0.50		$	1.31		$	2.75
Weighted Average number of diluted shares		62.5			63.0			64.0			64.3			63.4