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TUPPERWARE BRANDS CORPORATION

(TUP)
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Tupperware Shares Rise 14% on Debt Repayment, Share Buyback

06/22/2021 | 08:36am EDT

By Chris Wack

Tupperware Brands Corp. shares were up 14% to $23.24 after the company said it prepaid $58 million of its term-loan debt from Angelo Gordon and JP Morgan, and that its board of directors has authorized share repurchases of up to $250 million of its outstanding shares.

The company attributes the moves to the "ongoing success" of its turnaround plan, which has resulted in an improved liquidity position over the past 18 months.

The timing and amount of any share repurchases under the authorization will be determined by management at its discretion and based on market conditions and other considerations, including compliance with the company's credit agreements.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

06-22-21 1036ET

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL -0.42% 34935.47 Delayed Quote.14.63%
TUPPERWARE BRANDS CORPORATION -0.81% 20.89 Delayed Quote.-35.50%
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Financials (USD)
Sales 2021 1 848 M - -
Net income 2021 153 M - -
Net Debt 2021 - - -
P/E ratio 2021 7,30x
Yield 2021 -
Capitalization 1 038 M 1 038 M -
Capi. / Sales 2021 0,56x
Capi. / Sales 2022 0,53x
Nbr of Employees 10 698
Free-Float 73,0%
Chart TUPPERWARE BRANDS CORPORATION
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Tupperware Brands Corporation Technical Analysis Chart | MarketScreener
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Technical analysis trends TUPPERWARE BRANDS CORPORATION
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 3
Last Close Price 20,89 $
Average target price 37,00 $
Spread / Average Target 77,1%
EPS Revisions
Managers and Directors
Miguel Angel Fernandez Calero President, Chief Executive Officer & Director
Cassandra Harris Executive VP, Chief Operating & Financial Officer
Susan M. Cameron Non-Executive Chairman
M. Anne Szostak Independent Director
Richard T. Riley Independent Director
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