Posted on 12/17/2004 7:01:55 PM PST by Brilliant
Tupperware Corp., maker of namesake plastic food-storage containers, Thursday said its 2004 profit will be $1.40 to $1.45 a share, higher than the company forecast in October, because of improved foreign-exchange rates.
The Orlando-based retailer said profit improved in Europe as demand for products in Germany grew. Tupperware also boosted its earnings forecast for next year.
"As 75 percent of our sales are outside of the U.S., the exchange rate impacts our sales numbers a lot," company spokeswoman Jane Garrard said.
"Germany represents a very large part of our market in Europe, at about 40 percent of sales," she said. "Any trend change in Europe has an impact on us. Demand had softened by the end of the third quarter, and things began to improve in November."
Net income for 2004 is forecast to be $82.1 million to $84.7 million, the company said...
(Excerpt) Read more at orlandosentinel.com ...
The problem is so little is still made in this country to benefit.
Burp.
Get enough of those haus fraus into the Tupperware pyramid scheme and we'll even out the trade imbalance. 'Course that's a lot of tupperware beer steins and tupperhosen.
Awww...put a lid on it, will ya!
Amazing! 75% of sales are abroad. I guess we all have all of the Tupperware that we can use.
LOL !!!!
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