Tupperware Shares Climb After Results

"Tupperware, particularly in emerging markets, more than offset beauty, which continues to struggle," he told investors in a research note published Wednesday.

The company said its European sales dropped 18 percent and its sales of beauty products in North America sank 24 percent. But it blamed much of the drop in its overseas sales on foreign currency fluctuations, noting that sales rose 1 percent when measured in local currencies.

Tupperware also said it expected to earn between cents to 62 cents per share for the second quarter, with sales in dollars expected to decrease by 12 percent to 14 percent.

For fiscal 2009, the company predicted earnings of $2.16 to $2.26 per share, with sales down 8 percent to 11 percent year over year due to the stronger dollar's negative effect on revenue from overseas sales.