Tupperware Brands Corporation ( TUP) Q3 2011 Earnings Conference Call October 25, 2011 08:30 ET Executives Rick Goings – Chairman and Chief Executive Officer Nicky Decker – Vice President, Investor Relations and Strategy Analysts Dara Mohsenian – Morgan Stanley Linda Bolton Weiser – Caris Jason Gere – RBC Capital Markets Sofya Tsinis – JPMorgan Mark Schwartz – SunTrust John San Marco – Janney Capital Markets Olivia Tong – Bank of America/Merrill Lynch PresentationOperator
Good morning and welcome to Tupperware Corporation Third Quarter 2011 Earnings Conference Call. I would now like to turn the call over to Rick Goings, Chairman and CEO of Tupperware Brands. Mr. Goings, please go ahead. Rick Goings – Chairman and Chief Executive Officer Thank you, (Dorisa). Good morning everyone. I am here with Mike Poteshman and Nicky Decker. As always, you know the drill on forward-looking statements, so I’d refer you to our company’s position in our filings. The third quarter was another good quarter for us. Sales were up in all of our segments and a 10% overall increase in local currency. Our emerging markets grew 19% and continued to play an important role in our portfolio. And in this quarter, not surprisingly, we are about 63% of sales in the quarter. I think we all have to remember many Western Europeans tend to go on vacation during this time. We see it each and every year. So, we typically see the contribution from emerging markets go up little higher this quarter.