Dollar Uncertainty Impacting Tupperware Shares

Tupperware

Shares in Tupperware Brands Corp. dropped 4 percent to $76.10 this week after Morgan Stanley downgraded the stock, cautioning a possible earnings hit from foreign-currency exchange rates.

Following upon a strong gain of 24 percent this year through March 8, the dip represents Tupperware’s greatest decline in more than nine months. The Orlando, Florida-based company generates 90 percent of its sales outside of the U.S. and 61 percent in emerging economies. Dara Mohsenian, an analyst at Morgan Stanley in New York, wrote on March 8 that any material change in the dollar will have a significant impact on Tupperware and its shareholders.

Read the full Bloomberg story here.

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