Exhibit 99.1
TUPPERWARE BRANDS REPORTS THIRD QUARTER
EARNINGS PER SHARE OF 22 CENTS VERSUS 4 CENTS IN 2005
TUPPERWARE NORTH AMERICA POSTS FIRST SALES INCREASE SINCE 2002
ORLANDO, Fla., Oct. 24 /PRNewswire-FirstCall/ -- Tupperware Brands (NYSE:
TUP) today reported third quarter results as follows:
Third Quarter Summary
- Sales up 46% as reported and 43% in local currency
- Beauty units acquired in December 2005 contributed $115.2 million
representing organic growth of 4%
- Other units' sales up 1.5% in local currency
- EPS at 22 cents compared with 4 cents last year including:
- Higher earnings from segments
- Tax benefit from planning and international law changes
- Higher interest expense due to December 2005 acquisition
borrowings
- Higher gains on land sales, an insurance settlement and
acquisition costs last year, net of higher re-engineering charges
and amortization of purchase accounting intangibles
- EPS after adjustments at 20 cents compared with 7 cents last year (see
detail in the Non-GAAP Financial Measures Reconciliation Schedule).
EPS was in the previous guidance range at 8 cents without a 12-cent
tax upside.
YTD Summary
- Sales up 37% as reported and 38% in local currency
- Beauty units acquired in December 2005 contributed $361.0 million
representing organic growth of 2%
- Other units' sales down 1.6% in local currency
- EPS at 89 cents compared with 90 cents last year
- EPS after adjustments up 11% to $1.05 from 95 cents (see detail in the
Non-GAAP Financial Measures Reconciliation Schedule)
"We are pleased that 4 of 5 segments had third quarter sales and profit
increases on a comparable basis versus last year. Our two largest beauty
businesses, BeautiControl North America and Fuller Cosmeticos in Mexico,
contributed solid sales and profit increases over last year," said Rick Goings,
Chairman and CEO. "Additionally, our Tupperware North America segment had a
sales increase for the first time since 2002 signaling traction in the
transformation of this business unit," Goings continued.
Tupperware will conduct a conference call tomorrow, Wednesday, October 25,
at 10:00 am Eastern time. The conference call will be webcast and archived,
along with a copy of this news release, at www.tupperware.com.
Third Quarter Highlights - reflects segment realignment announced in July
Tupperware Brand Segments
The Tupperware segments' largest sales increase came from Asia Pacific and
Mexico where local currency sales were up 6% before the impact of including
NaturCare Japan, one of the units acquired in December 2005. This sales increase
was primarily due to strong growth in the key emerging markets of China, India
and Indonesia.
Tupperware sales in Europe were up 4% as reported and 1% in local currency
due to the inclusion of the acquired South African beauty units. Excluding these
units, local currency sales were 6% lower largely due to a sales decline in
Germany.
Tupperware North America sales were up for the first time since 2002 due to
higher sales force productivity under the new compensation plan. The level of
the third quarter local currency sales increase of 10% was positively impacted
by the timing of promotional programs, and the near-term underlying trend in
sales is estimated to be a low single digit percentage increase.
The profit decline in Europe was more than offset by higher profit from
increased sales and a higher return on sales in Asia Pacific and Mexico as well
as a small profit in Tupperware North America. Tupperware North America profit
reflected a reduction in the LIFO inventory reserve and lower retiree medical
costs totaling $2 million.
Beauty Segments
Comparable sales growth in the International Beauty segment was 6% and
included a significant increase in Fuller Cosmeticos Mexico, partially offset by
a decline in the Philippines. Sales in BeautiControl North America were up 6% in
line with an increase in the active sales force of 4%.
The return on sales improved in both segments, and the additional profit
compared with last year was $6.9 million before $6.3 million of intangible asset
amortization in International Beauty.
Outlook
"Like most portfolios we have puts and calls. Yet, on balance, what gives us
heightened confidence in the future of Tupperware Brands is the increasing
number of business units which are growing ... and, importantly, those markets
which are experiencing issues are few in number and in all of them remedial
actions are already in place," said Rick Goings, Chairman and CEO.
2006 Fourth Quarter
- Sales at $460-470 million
- Beauty units acquired in December 2005 at $130 - $135 million or
about 5% organic sales growth
- Other units' sales up 3-5%
- EPS of 64-69 cents
- Improved return on sales by Tupperware Asia Pacific & Mexico,
Tupperware North America and International Beauty segments.
- Tupperware Europe and BeautiControl lower versus last year
- Net 6 cents negative impact from unusual items - intangible asset
amortization and re-engineering costs net of gains from land sales
- 3 cents positive impact from foreign exchange
- EPS after adjustments 70-75 cents versus 54 cents in 2005 (see detail in
the Non-GAAP Financial Measures Outlook Reconciliation Schedule)
2006 Full Year
- Sales of $1.72 to $1.73 billion
- Beauty units acquired in December 2005 at $490-495 million or about
3% organic sales growth
- Other units' sales up about 2% as reported and in local currency
- EPS of $1.53 - $1.58 versus previous guidance of $1.40-1.50 primarily due
to lower taxes and an insurance settlement, partially offset by lower
profit in Europe
- EPS after adjustments of $1.75 - $1.80 versus previous guidance of
$1.67-1.77 (see detail in the Non-GAAP Financial Measures Outlook
Reconciliation Schedule)
Tupperware Brands Corporation is a global direct seller of premium,
innovative products across multiple brands and categories through an independent
sales force of 1.8 million. Product brands and categories include design-centric
preparation, storage and serving solutions for the kitchen and home through the
Tupperware brand and beauty and personal care products for consumers through its
Avroy Shlain, BeautiControl, Fuller, NaturCare, Nutrimetics, Nuvo and Swissgarde
brands.
The Company's stock is listed on the New York Stock Exchange (NYSE: TUP).
Statements contained in this release, which are not historical fact and use
predictive words such as "outlook" or "target" are forward-looking statements.
These statements involve risks and uncertainties which include recruiting and
activity of the Company's independent sales forces, the integration of its
acquired businesses, the success of new product introductions and promotional
programs, the ability to obtain all government approvals on land sales, the
success of buyers in attracting tenants for commercial developments, the effects
of economic and political conditions generally and foreign exchange risk in
particular and other risks detailed in the Company's most recent periodic report
as filed in accordance with the Securities Exchange Act of 1934. The Company
does not intend to regularly update forward-looking information.
Non-GAAP Financial Measures
The Company has utilized non-GAAP financial measures in this release, which
are provided to assist in investors' understanding of the Company's results of
operations. The adjustment items materially impact the comparability of the
Company's results of operations. The adjusted information is intended to be more
indicative of Tupperware's primary operations, and to assist investors in
evaluating performance and analyzing trends across periods.
The non-GAAP financial measures exclude gains on land sales and re-
engineering costs. While the Company is engaged in a multi-year program to sell
land, this activity is not part of the Company's primary business operation.
Additionally, the gains recognized in any given period are not necessarily
indicative of gains which may be recognized in any particular future period. For
this reason, these gains are excluded as indicated. Further, the Company has
recorded gains related to an insurance settlement related to property damaged
during Hurricane Charley in 2004. The Company reached a preliminary settlement
in the fourth quarter of 2004 and a final settlement in the third quarter of
2006. These gains have also been excluded as they will not recur. Also, the
Company periodically records exit costs as defined under Statement of Financial
Accounting Standards No. 146, "Accounting for Costs Associated with Exit or
Disposal Activities" and other amounts related to rationalizing manufacturing
and other re-engineering activities, and believes these amounts are similarly
volatile and impact the comparability of earnings across quarters. Therefore,
they are also excluded from indicated financial information to provide what the
Company believes represents a more useful measure for analysis and predictive
purposes.
The Company has also elected to present financial measures excluding certain
items directly related to its acquisition of Sara Lee Corporation's direct
selling business in December 2005. The financing of the acquisition necessitated
one-time payments to settle outstanding notes prior to their scheduled maturity
dates. These payments were made in 2005 and will not recur. No amounts
representing incremental interest on the Company's increased debt level are part
of this exclusion. Additionally, in accounting for the acquisition, the Company
is recording amortization of certain definite-lived intangible assets, primarily
for the value of the independent sales forces acquired, and the purchase
accounting write-up of the carrying value of other depreciable assets. The
amortization expense of these assets will continue for several years; however,
based on the Company's current estimates, this amortization will decline
significantly as the years progress. As such, the Company believes that this
non-cash charge will not be representative in any single year of amounts
recorded in prior years or expected to be recorded in future years. Therefore,
they are excluded from indicated financial information to also provide a more
useful measure for analysis and predictive purposes. Finally, the Company
received a significant benefit from a tax-related settlement with its former
parent in the fourth quarter of 2005 that will not recur and has excluded this
benefit from indicated financial information.
TUPPERWARE BRANDS CORPORATION
CONSOLIDATED STATEMENTS OF INCOME
(UNAUDITED)
13 Weeks Ended 13 Weeks Ended 39 Weeks Ended 40 Weeks Ended
September 30, October 1, September 30, October 1,
(In millions, except per share data) 2006 2005 2006 2005
- ------------------------------------- -------------- -------------- -------------- --------------
Net sales $ 394.9 $ 270.7 $ 1,257.2 $ 917.5
Cost of products sold 140.0 100.5 440.6 324.7
Gross margin 254.9 170.2 816.6 592.8
Delivery, sales and administrative
expense 243.8 161.1 727.0 511.6
Re-engineering and impairment charges 2.1 0.6 4.8 7.8
Gains on disposal of assets 11.0 - 11.0 3.4
Operating income 20.0 8.5 95.8 76.8
Interest income 2.4 0.7 7.0 2.2
Other income - 0.2 - 0.5
Interest expense 13.6 7.3 41.4 15.9
Other expense 0.4 0.5 0.6 0.5
Income before income taxes 8.4 1.6 60.8 63.1
(Benefit from) provision for income
taxes (4.7) (1.0) 6.5 8.9
Net income $ 13.1 $ 2.6 $ 54.3 $ 54.2
Net income per common share:
Basic $ 0.22 $ 0.04 $ 0.90 $ 0.91
Diluted $ 0.22 $ 0.04 $ 0.89 $ 0.90
TUPPERWARE BRANDS CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(UNAUDITED)
(Amounts in millions, except per share)
13 Weeks Ended 13 Weeks Ended Reported Restated Foreign
September 30 October 1 & & Exchange
2006 2005* Inc(Dec) Inc(Dec) Impact
-------------- -------------- -------- -------- --------
SALES
Europe $ 120.8 $ 115.6 4 1 $ 4.1
Asia Pacific and Mexico 83.0 73.8 12 13 (0.1)
North America 40.8 36.9 11 10 0.2
BeautiControl North America 37.5 35.2 6 6 -
International Beauty 112.8 9.2 + + 0.5
$ 394.9 $ 270.7 46 43 $ 4.7
SEGMENT PROFIT (LOSS)
Europe $ 5.8 $ 9.9 (42) (44) $ 0.4
Asia Pacific and Mexico 11.9 6.9 74 71 0.1
North America 0.6 (3.4) + + (0.1)
BeautiControl North America 2.5 1.5 57 57 -
International Beauty (0.4) - - - (0.1)
20.4 14.9 37 34 $ 0.3
Unallocated expenses (9.7) (6.1) 59
Other income 11.0 - +
Re-engineering and impairment
charges (2.1) (0.6) +
Interest expense, net (11.2) (6.6) 69
Income before taxes 8.4 1.6 +
(Benefit from) provision for
income taxes (4.7) (1.0) +
Net income $ 13.1 $ 2.6 +
Net income per common share
(diluted) $ 0.22 $ 0.04 +
Average number of diluted shares 60.9 60.9
* Certain prior year amounts have been reclassified on the condensed
consolidated statements of income to conform with current year presentation.
TUPPERWARE BRANDS CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(UNAUDITED)
(Amounts in millions, except per share)
39 Weeks Ended 40 Weeks Ended Reported Restated Foreign
September 30 October 1 & & Exchange
2006 2005* Inc(Dec) Inc(Dec) Impact
-------------- -------------- -------- -------- --------
SALES
Europe $ 439.6 $ 440.3 - 1 $ (7.2)
Asia Pacific and Mexico 237.1 213.5 11 12 (1.8)
North America 118.0 123.4 (4) (5) 0.9
BeautiControl North America 112.1 110.9 1 1 0.2
International Beauty 350.4 29.4 + + 1.6
$ 1,257.2 $ 917.5 37 38 $ (6.3)
SEGMENT PROFIT (LOSS)
Europe $ 60.3 $ 78.8 (23) (21) $ (2.2)
Asia Pacific and Mexico 31.8 18.3 74 70 0.4
North America (3.3) (6.6) 50 51 (0.1)
BeautiControl North America 10.4 8.0 30 30 -
International Beauty 14.9 0.8 + + (0.1)
114.1 99.3 15 17 $ (2.0)
Unallocated expenses (25.1) (18.1) 39
Other income 11.0 3.4 +
Re-engineering and impairment
charges (4.8) (7.8) (39)
Interest expense, net (34.4) (13.7) +
Income before taxes 60.8 63.1 (4)
(Benefit from) provision for
income taxes 6.5 8.9 (27)
Net income $ 54.3 $ 54.2 -
Net income per common share
(diluted) $ 0.89 $ 0.90 (1)
Average number of diluted shares 61.1 60.4
* Certain prior year amounts have been reclassified on the condensed
consolidated statements of income to conform with current year presentation.
TUPPERWARE BRANDS CORPORATION
RECONCILIATION
(In millions except per share data)
13 Weeks Ended 13 Weeks Ended
September 30, 2006 October 1, 2005
-------------------------------- --------------------------------
Excl Excl
Reported Adj's Adj's Reported Adj's Adj's
-------- -------- -------- -------- -------- --------
Segment profit (loss)
Europe $ 5.8 $ 5.8 $ 9.9 0.2a $ 10.1
Asia Pacific and Mexico 11.9 11.9 6.9 0.4a 7.3
North America 0.6 0.6 (3.4) (1.0)b (4.4)
BeautiControl North America 2.5 2.5 1.5 1.5
International Beauty (0.4) 6.4c 6.0 - -
20.4 6.4 26.8 14.9 (0.4) 14.5
Unallocated expenses (9.7) 0.1d (9.6) (6.1) (6.1)
Other income 11.0 (11.0)e - - -
Re-eng and impairment chgs (2.1) 2.1f - (0.6) 0.6f -
Interest expense, net (11.2) (11.2) (6.6) 3.1g (3.5)
Income before taxes 8.4 (2.4) 6.0 1.6 3.3 4.9
Provision for income taxes (4.7) (1.1)h (5.8) (1.0) 1.2h 0.2
Net income $ 13.1 $ (1.3) $ 11.8 $ 2.6 $ 2.1 $ 4.7
Net income per common share
(diluted) $ 0.22 $ (0.02) $ 0.20 $ 0.04 $ 0.03 $ 0.07
39 Weeks Ended 40 Weeks Ended
September 30, 2006 October 1, 2005
-------------------------------- --------------------------------
Excl Excl
Reported Adj's Adj's Reported Adj's Adj's
-------- -------- -------- -------- -------- --------
Segment profit (loss)
Europe $ 60.3 $ 60.3 $ 78.8 0.3a $ 79.1
Asia Pacific and Mexico 31.8 31.8 18.3 0.9a 19.2
North America (3.3) (3.3) (6.6) (4.0)b (10.6)
BeautiControl North America 10.4 10.4 8.0 8.0
International Beauty 14.9 18.7c 33.6 0.8 0.8
114.1 18.7 132.8 99.3 (2.8) 96.5
Unallocated expenses (25.1) 0.1d (25.0) (18.1) (18.1)
Other income 11.0 (11.0)e - 3.4 (3.4)e -
Re-eng and impairment chgs (4.8) 4.8f - (7.8) 7.8f -
Interest expense, net (34.4) (34.4) (13.7) 3.1g (10.6)
Income before taxes 60.8 12.6 73.4 63.1 4.7 67.8
Provision for income taxes 6.5 2.9h 9.4 8.9 1.6h 10.5
Net income $ 54.3 $ 9.7 $ 64.0 $ 54.2 $ 3.1 $ 57.3
Net income per common share
(diluted) $ 0.89 $ 0.16 $ 1.05 $ 0.90 $ 0.05 $ 0.95
(a) Machinery relocation costs incurred in connection with shift of capacity
from Hemingway, South Carolina to other manufacturing facilities.
(b) Reduction of LIFO inventory reserve requirement from shift of capacity from
Hemingway, South Carolina to other manufacturing facilities which report
inventory on the FIFO basis of accounting was $1.4 million for the third
quarter and $5.2 million YTD. Offsetting these amounts were $0.4 million in
Q3 and $1.2 million YTD costs related to transfer of machinery and
equipment to the other manufacturing facilities.
(c) Amortization of International Beauty intangibles and depreciation of $6.4
million for the third quarter of 2006 and $18.7 million YTD.
(d) Incentive compensation of $0.1 million in connection with the sale of land
held for development near the Company's Orlando, Florida headquarters.
(e) Other income of $11 million for the third quarter was $6.6 million gain on
sale of land held for development near the Company's Orlando, Florida
headquarters ("land sales") and a $4.4 million gain related to an insurance
recovery from 2004 hurricane damage. During 2005, pretax gains from land
sales were $3.4 million in the first quarter of 2005.
(f) The 2006 pre-tax re-engineering and impairment charges of $2.1 million in
the third quarter and $4.8 million YTD were primarily related to severance
costs incurred to reduce headcount in the Company's Argentina, Canada,
Belgium, France and Philippines operations. In 2005, re-engineering and
impairment charges of $0.6 million for the quarter and $7.8 million YTD
were primarily related to severance costs incurred to reduce headcount in
the Company's Hemingway, South Carolina manufacturing facility.
(g) The Company entered into an agreement during the first quarter of 2005 to
lock in a fixed 10-year treasury rate for an expected October 2006
refinancing of $100 million notes then due. Due to the early termination of
the agreement, which was no longer an effective hedge in light of the
refinancing necessary for the Sara Lee Direct Selling acquisition, the
Company incurred $3.1 million of interest expense in the third quarter of
2005.
(h) Provision for income taxes represents the net tax impact of adjusted
amounts.
See information regarding non-GAAP financial measures in the attached press
release.
TUPPERWARE BRANDS CORPORATION
NON-GAAP FINANCIAL MEASURES OUTLOOK RECONCILIATION SCHEDULE
October 24, 2006
($ in millions, except per share amounts)
Fourth Fourth Quarter
Quarter 2006 Outlook Range
2005 -----------------------
Actual Low High
---------- ---------- ----------
Income before income taxes $ 1.3 $ 43.5 $ 46.6
% change from prior year + +
Income tax $ (30.6) $ 4.8 $ 4.8
Effective Rate -- 11% 10%
Net Income (GAAP) $ 31.9 $ 38.7 $ 41.8
% change from prior year 21% 31%
Adjustments(1):
Land gains (0.6) (4.8) (4.8)
Re-engineering costs 11.6 3.9 3.9
Acquisition financing
costs/intangibles
amortization 25.5 6.2 6.2
Income tax (2) (35.4) (1.2) (1.2)
Net Income (Adjusted) $ 33.0 $ 42.8 $ 45.9
% change from prior year 30% 39%
Exchange rate impact (3) 2.2 -- --
Net Income (Adjusted and 2005
Restated for currency changes) $ 35.2 $ 42.8 $ 45.9
% change from prior year 22% 30%
Net income (GAAP) per common share
(diluted) $ 0.52 $ 0.64 $ 0.69
Net Income (Adjusted) per common
share (diluted) $ 0.54 $ 0.70 $ 0.75
Average number of diluted shares
(millions) 61.2 60.9 60.9
(1) Refer to Non-GAAP Financial Measures section of attached release for
description of the general nature of adjustment items
(2) Represents income tax impact of adjustments
(3) 2005 restated at current currency exchange rates
TUPPERWARE BRANDS CORPORATION
NON-GAAP FINANCIAL MEASURES OUTLOOK RECONCILIATION SCHEDULE
October 24, 2006
($ in millions, except per share amounts)
Fourth Fourth Quarter
Quarter 2006 Outlook Range
2005 -----------------------
Actual Low High
---------- ---------- ----------
Income before income taxes $ 64.5 $ 104.9 $ 107.6
% change from prior year 63% 67%
Income tax $ (20.9) $ 11.5 $ 11.3
Effective Rate -33% 11% 11%
Net Income (GAAP) $ 85.4 $ 93.4 $ 96.3
% change from prior year 9% 13%
Adjustments(1):
Land gains (4.0) (11.4) (11.4)
Re-engineering costs 14.3 4.5 4.5
Acquisition financing
costs/intangibles
amortization 30.8 24.8 24.8
Cumulative effect of
accounting change (net of
taxes) 0.8 - -
Income tax (2) (36.9) (4.1) (4.1)
Net Income (Adjusted) $ 90.4 $ 107.2 $ 110.1
% change from prior year 19% 22%
Exchange rate impact (3) 0.6 - -
Net Income (Adjusted and 2005
Restated for currency changes) $ 91.0 $ 107.2 $ 110.1
% change from prior year 18% 21%
Net income (GAAP) per common share
(diluted) $ 1.41 $ 1.53 $ 1.58
Net Income (Adjusted) per common
share (diluted) $ 1.49 $ 1.75 $ 1.80
Average number of diluted shares
(millions) 60.6 61.1 61.1
(1) Refer to Non-GAAP Financial Measures section of attached release for
description of the general nature of adjustment items
(2) Represents income tax impact of adjustments
(3) 2005 restated at current currency exchange rates
TUPPERWARE BRANDS CORPORATION
CONSOLIDATED BALANCE SHEETS
(UNAUDITED)
Sept. 30, Dec. 31,
(In millions) 2006 2005
- --------------------------------------- ---------- ----------
Assets
Cash and cash equivalents $ 55.4 $ 181.5
Other current assets 527.1 485.1
Total current assets 582.5 666.6
Property, plant and equipment, net 245.6 254.5
Other assets 803.3 813.0
Total assets $ 1,631.4 $ 1,734.1
Liabilities and Shareholders' Equity
Short-term borrowings and current
portion of long-term debt 17.1 1.1
Accounts payable and other current
liabilities 327.7 447.5
Total current liabilities 344.8 448.6
Long-term debt, less current portion 714.1 750.5
Other liabilities 207.0 199.5
Total shareholders' equity 365.5 335.5
Total liabilities and
shareholders' equity $ 1,631.4 $ 1,734.1
Total Debt to Capital Ratio 67%
Capital is defined as total debt plus shareholders' equity.
TUPPERWARE BRANDS CORPORATION
CONSOLIDATED STATEMENT OF CASH FLOWS
(UNAUDITED)
39 weeks 40 weeks
ended ended
Sept 30, Oct 1,
(In millions) 2006 2005
- ---------------------------------------- ---------- ----------
OPERATING ACTIVITIES
Net cash provided by operating
activities 58.4 26.9
INVESTING ACTIVITIES
Capital expenditures (36.8) (31.0)
Purchase of International Beauty,
net of acquired cash (106.2) -
Proceeds from disposal of
property, plant & equipment 15.4 7.5
Payment to terminate interest rate
hedge - (3.1)
Net cash used in investing
activities (127.6) (26.6)
FINANCING ACTIVITIES
Dividend payments to shareholders (40.0) (39.1)
Repayment of long-term debt (35.9) -
Other, net 20.1 25.5
Net cash used in financing
activities (55.8) (13.6)
Effect of exchange rate changes on
cash and cash equivalents (1.1) (4.4)
Net change in cash and cash equivalents (126.1) (17.7)
Cash and cash equivalents at beginning
of year 181.5 90.9
Cash and cash equivalents at end of
period $ 55.4 $ 73.2
TUPPERWARE BRANDS CORPORATION
SUPPLEMENTAL INFORMATION
Third Quarter Ended September 30, 2006
Sales Force Statistics (a):
AVG.
Segment DIST. % CHG. ACTIVE % CHG. TOTAL % CHG.
- --------------------------- --------- --------- --------- --------- --------- ---------
Europe 775 5 99,570 (6) 350,826 5
Asia Pacific and Mexico 672 (8) 83,480 1 443,484 3
North America n/a - (b) 20,554 (9) 69,123 (23)
Tupperware 1,447 (1) 203,604 (4) 863,433 1
BeautiControl North America n/a n/a 39,191 4 127,796 7
International Beauty 119 (16) 477,807 (3) 858,031 (7)
Total 1,566 (3) 720,602 (3) 1,849,260 (2)
(a) As collected by the Company and provided by distributors and sales force.
Includes prior year salesforce data for units acquired in December 2005.
(b) North America distributor counts are no longer applicable due to the
implementation of a new compensation plan.
SOURCE Tupperware Brands Corporation
-0- 10/24/2006
/CONTACT: Jane Garrard of Tupperware Brands Corporation, +1-407-826-4522/
/Web site: http://www.tupperware.com/