Tupperware Brands' ( TUP) second-quarter earnings dropped 9%, hurt by higher interest expenses.

For the quarter ended July 1, the company earned $25.2 million, or 41 cents a share, down from the year-ago $27.7million, or 46 cents a share. Excluding certain costs, latest-quarter earnings were 49 cents a share. On that basis, analysts surveyed by Thomson First Call were expecting earnings of 51 cents a share in the most recent quarter.

Sales rose 36.9% from a year ago to $438.6 million, but missed the Thomson target of $449.80 million.

For the third quarter, the manufacturer and distributer of household goods, expects to make 8 cents a share to 10 cents a share on a pro forma basis, excluding certain costs, on revenue of $390 million to $400 million. Analysts are expecting 13 cents a share on revenue of $403.40 million.

For the year, the company lowered its guidance and expects to make a pro forma $1.67 a share to $1.77 a share on sales of $1.70 billion to $1.75 billion. Analysts forecast earnings of $1.77 a share on revenue of $1.76 billion.

In Europe, sales decreased 2.8% to $141.3 million. This decline was primarily due to about $3 million less business-to- business sales and a smaller sales force size in Germany. Sales were up 55% in the emerging markets of Russia, Turkey and Poland in local currency.

In North America, sales were down 10.1% to $42.5 million due to a decline in the average active sales force size.

"Our Tupperware Brand businesses had various puts and calls, with our emerging and a number of important developed markets growing strongly while sales were down in Germany and North America," the Orlando, Fla.-based company said. "We made progress transitioning International Beauty this quarter with strong sales in our biggest unit, Fuller Mexico, as well as signs of traction from programs we have implemented in most of the other markets."

This story was created through a joint venture between TheStreet.com and IRIS.

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