Tupperware Brands Corporation's CEO Discusses Q1 2012 Results - Earnings Call Transcript

Tupperware Brands Corporation (TUP)

Q1 2012 Earnings Conference Call

April 25, 2012 08:00 AM ET

Executives

Rick Goings – Chairman and CEO

Michael Poteshman – EVP and CFO

Analysts

Olivia Tong – Bank of America Merrill Lynch

Jason Jason Gere – Royal Bank of Canada

Dara Mohsenian – Morgan Stanley

Sofya Tsinis – J. P. Morgan Securities, Inc.

William B. Chappell – SunTrust Robinson Humphrey

Linda Bolton-Weiser – Caris & Company

Gregg Hillman - First Wilshire Securities

Presentation

Operator

Good morning and welcome to Tupperware Corporation’s First Quarter 2012 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

Thank you and good morning, everyone. I will refer – our discussion today will involve the outlook of our business. So you know the drill on this, on forward-looking statements. Joining me on the call this morning are Mike Poteshman, our CFO and Teresa Burchfield, our head of IR. They are in our Orlando headquarters. I am in Africa; I am in South Africa with our President Simon Hemus, our Group Presidents and just under 500 of our top people from 27 countries.

Every other year of interest we do a summit somewhere in the world, that’s combination recognition to them but even more than that, it’s to train our top people, both people who are associates of managing directors, even more importantly our independent sales leadership team out there. Additionally, what we try to do is at the same time beyond their training here is to encourage healthy competition. By the way along that same line, we’ve said so often direct sales fundamentals and knowledge are key to success in our business. Each of our four regions of the world, we do this twice a year and just three weeks ago I was with 200 in Indonesia from all of our Asia-Pacific markets and what was so stimulating about that was that the group of young leadership people in their thirties that are coming along in our business. I have never seen it at this level. The level of education, the level of passion, and the season already under their belt in our businesses.

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