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 |
Tupperware Brands (TUPBQ) 8-KResults of Operations and Financial Condition
Filed: 28 Apr 11, 12:00am