Revenue during the quarter went up marginally by 1.49 percent to $600.90 million from $592.10 million in the previous year period. Gross margin for the quarter contracted 44 basis points over the previous year period to 67.27 percent. Total expenses were 82.61 percent of quarterly revenues, down from 84.24 percent for the same period last year. This has led to an improvement of 163 basis points in operating margin to 17.39 percent.

Operating income for the quarter was $104.50 million, compared with $93.30 million in the previous year period.

Rick Goings, chairman and chief executive officer, commented, "We experienced a challenging fourth quarter to cap off an already tough 2016. Local currency sales grew 3% in the quarter, which was 1 point under the October guidance range. Despite the impact of further economic and political instabilities, our businesses in emerging markets continued on a growth trajectory in the fourth quarter with outstanding results in Argentina, Brazil, China and Tupperware South Africa."

For fiscal year 2017, Tupperware Brands Corp forecasts net income to be $223.60 million.  The company expects net income to be in the range of $217 million to $222.20 million and projects adjusted net income to be $222.50 million. Tupperware Brands Corp forecasts adjusted net income to be in the range of $228.10 million to $233.20 million and projects diluted earnings per share to be $4.41.  The company forecasts diluted earnings per share to be in the range of $4.26 to $4.36 and expects diluted earnings per share to be $4.39 on adjusted basis. It forecasts diluted earnings per share to be in the range of $4.47 to $4.57 on adjusted basis.

For the first-quarter, Tupperware Brands Corp forecasts net income to be $43.40 million .Tupperware Brands Corp expects net income to be in the range of $43 million to $45.50 million and  projects adjusted net income to be $45.90 million. Tupperware Brands Corp forecasts adjusted net income to be in the range of $45.50 million to $48 million and projects diluted earnings per share to be $0.86. The company forecasts diluted earnings per share to be in the range of $0.84 to $0.89. On an adjusted basis, the company expects diluted earnings per share to be $0.91. On an adjusted basis, the company forecasts diluted earnings per share to be in the range of $0.89 to $0.94. 

The company has spent $25.70 million cash to meet investing activities during the year as against cash outgo of $43.10 million in the last year. It has incurred net capital expenditure of $25.70 million on net basis during the year, down 40.37 percent or $17.40 million from year ago.

The company has spent $193.30 million cash to carry out financing activities during the year as against cash outgo of $157.10 million in the last year period.

Cash and cash equivalents stood at $93.20 million as on Dec. 31, 2016, up 16.79 percent or $13.40 million from $79.80 million on Dec. 26, 2015.

Working capital turns positive
Working capital of Tupperware Brands Corp has turned positive to $20.80 million on Dec. 31, 2016 from negative $63.50 million on Dec. 26, 2015. Current ratio was at 1.04 as on Dec. 31, 2016, up from 0.90 on Dec. 26, 2015.

Debt comes down 
Tupperware Brands Corp has recorded a decline in total debt over the last one year. It stood at $711.90 million as on Dec. 31, 2016, down 7.63 percent or $58.80 million from $770.70 million on Dec. 26, 2015. Total debt was 46.47 percent of total assets as on Dec. 31, 2016, compared with 48.22 percent on Dec. 26, 2015. Debt to equity ratio was at 3.20 as on Dec. 31, 2016, down from 4.79 as on Dec. 26, 2015. Interest coverage ratio deteriorated to 8.23 for the quarter from 8.48 for the same period last year.