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Tupperware Brands (Tupperware Brands) Preferred Stock : $0 Mil (As of Sep. 2023)


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What is Tupperware Brands Preferred Stock?

Preferred stock is a special equity security that has properties of both equity and debt. Tupperware Brands's preferred stock for the quarter that ended in Sep. 2023 was $0 Mil.

The market value of preferred stock needs to be added to the market value of common stocks in the calculation of Enterprise Value. Tupperware Brands's Enterprise Value for the quarter that ended in Sep. 2023 was $766 Mil.

In the calculation of book value, the par value of preferred stocks needs to subtracted from total equity. Tupperware Brands's Book Value per Share for the quarter that ended in Sep. 2023 was $-11.33.

Dividends paid to preferred stocks need to be subtracted from net income in the calculation of Earnings per Share (Diluted). Tupperware Brands's Earnings per Share (Diluted) for the three months ended in Sep. 2023 was $-1.21.


Tupperware Brands Preferred Stock Historical Data

The historical data trend for Tupperware Brands's Preferred Stock can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Tupperware Brands Preferred Stock Chart

Tupperware Brands Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Preferred Stock
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Tupperware Brands Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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Tupperware Brands Preferred Stock Calculation

Preferred Stock is a special equity security that has properties of both equity and debt. It is generally considered a hybrid instrument. Preferred stock is senior to common stock, but is subordinate to bonds in terms of claim or rights to their share of the assets of the company.

Preferred stock has priority over common stock in the payment of dividends and any payments received when a company liquidates.

Preferred stock comes in many forms. It can be:


Convertible or Non-Convertible
Cumulative or Non-Cumulative
Voting or Non-Voting
Callable or Non-Callable
Maturity Date or No Maturity Date

A preferred stock without a maturity date is called a perpetual preferred stock. These are relatively rare. A good example of perpetual preferred stock is the many series of Public Storage (PSA) preferred shares that trade on the New York Stock Exchange.

Before investing in preferred stock, it is important to know which of the above groups the stock belongs to. Is it convertible or non-convertible? Are dividends cumulative or non-cumulative?

It is also critical that an investor knows what bonds the company has in front of the preferred stock. Bondholders get paid first. So the decision to buy a preferred stock can be similar to the decision to buy a bond. But, remember, the preferred stock of a company with bonds is junior to those bonds.

Unless a preferred stock is convertible, the upside in a preferred stock investment is more limited than in a common stock investment. If a company doubles its earnings, it is usually under no more obligation to double the dividends paid to preferred shareholders than it is to double the interest paid to its bankers and bondholders.So preferred stock is very different from common stock.


Tupperware Brands  (NYSE:TUP) Preferred Stock Explanation

When a company needs capital but does not wish to issue debt, they may sell preferred stocks to investors.

For instance, during the financial crisis of 2008, Goldman Sachs (GS) issued a combination of preferred stock and common stock options for $5 billion of capital to Warren Buffett’s Berkshire Hathaway (BRK.A)(BRK.B). In this deal, Berkshire Hathaway paid $5 billion for 10% cumulative perpetual preferred stock and warrants to buy 43.5 million shares of Goldman Sachs at $115 a share. Goldman Sachs bought back the preferred in 2010. Guess how much money Warren Buffett made in this deal in two years? Read How Much Did Warren Buffett’s Berkshire Hathaway (BRK.B) Make on Its Goldman Sachs (GS) Preferred Stock?

1. The market value of Preferred Stocks needs to be added to the market value of common stocks in the calculation of enterprise value.

Tupperware Brands's Enterprise Value for the quarter that ended in Sep. 2023 is calculated as

2. In the calculation of Book Value, the par value of Preferred Stocks needs to subtracted from total equity.

Tupperware Brands's Book Value per Share for the quarter that ended in Sep. 2023 is calculated as

3. Dividends paid to Preferred Stocks need to be subtracted from net income in the calculation of earnings per share.

Tupperware Brands's Earnings per Share (Diluted) (EPS) for the three months ended in Sep. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Tupperware Brands Preferred Stock Related Terms

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Tupperware Brands (Tupperware Brands) Business Description

Traded in Other Exchanges
Address
14901 South Orange Blossom Trail, Orlando, FL, USA, 32837
Tupperware Brands Corp is a consumer products company that designs innovative, functional, and environmentally responsible products. The company distributes its products into nearly 70 countries. The company engages in the marketing, manufacture, and sale of design-centric preparation, storage, and serving solutions for the kitchen and home through the Tupperware brand name. The company primarily uses a direct selling business model to distribute and market products, while continuing to expand digital platforms and business-to-business distribution channels. The company operates its business under four reportable segments in four broad geographic regions namely the Asia Pacific, Europe (Europe, Africa and the Middle East), North America, and South America.
Executives
Lori H Bush director NU SKIN ENTERPRISES INC, 75 WEST CENTER, PROVO UT 84601
Laurie Ann Goldman officer: President and CEO 3344 PEACHTREE ROAD, SUITE 1700, ATLANTA GA 30326
William L Transier director 3505 W SAM HOUSTON PKWY NORTH, SUITE 400, HOUSTON TX 77043
Paul Keglevic director STELLUS CAPITAL, 10000 MEMORIAL DRIVE STE 500, HOUSTON TX 77024
Paul Aronzon director 13135 DAIRY ASHFORD, SUITE 800, SUGAR LAND TX 77478
Brian J Fox officer: Chief Restructuring Officer C/O XERIUM TECHNOLOGIES, INC., 8537 SIX FORKS ROAD, SUITE 300, RALEIGH NC 27615
Richard Goudis director, officer: Executive Vice Chairman C/O HERBALIFE INTERNATIONAL, INC., 1800 CENTURY PARK EAST, LOS ANGELES CA 90067
Fernandez Calero Miguel Angel director, officer: Chief Executive Officer 800 W. OLYMPIC BLVD. SUITE 406, LOS ANGELES CA 90015
Mark S Burgess director C/O GRAHAM PACKAGING HOLDINGS COMPANY, 2410 PLEASANT VALLEY ROAD, YORK PA 17402
Ingen Jim Van officer: EVP Supply Chain C/O TUPPERWARE BRANDS CORPORATION, 14901 S ORANGE BLOSSOM TRAIL, ORLANDO FL 32837
Christopher D Oleary director ONE GENERAL MILLS BLVD, MINNEAPOLIS MN 55426
James H Fordyce director
Pamela Jones Harbour director C/O TUPPERWARE BRANDS CORPORATION, 14901 S ORANGE BLOSSOM TRAIL, ORLANDO FL 32837
Tim Minges director C/O TUPPERWARE BRANDS CORPORATION, 14901 S ORANGE BLOSSOM TRAIL, ORLANDO FL 32837
Hector Lezama officer: Pres., Comm. Bus. Expansion C/O TUPPERWARE BRANDS CORPORATION, 14901 S ORANGE BLOSSOM TRAIL, ORLANDO FL 32837

Tupperware Brands (Tupperware Brands) Headlines

From GuruFocus

Tupperware Brands Announces Debt Restructuring

By PRNewswire 08-03-2023