Tupperware Brands Corporation announced unaudited consolidated earnings results for fourth quarter and full year ended December 30, 2017. For the quarter, the company reported net sales of $588.6 million against $600.9 million a year ago. Operating income was $86.9 million against $104.5 million a year ago. Income before income taxes was $77.2 million against $93.6 million a year ago. Net loss was $326.5 million against net income of $79.0 million a year ago. Diluted loss per share was $6.41 against diluted earnings per share of $1.55 a year ago. Total adjusted EBITDA was $419.1 million. Adjusted diluted earnings per share were $1.59 compared to $1.50 for the same period a year ago.

For the full year, the company reported net sales of $2,255.8 million against $2,213.1 million a year ago. Operating income was $229.1 million against $347 million a year ago. Income before income taxes was $185.1 million against $301.3 million a year ago. Net loss was $265.4 million against net income of $223.6 million a year ago. Diluted loss per share was $5.22 against diluted earnings per share of $4.41 a year ago. Net cash provided by operating activities of $217.0 million against $238.6 million a year ago. Capital expenditures were $72.3 million against $61.6 million a year ago. Adjusted diluted earnings per share were $4.84 compared to $4.45 for the same period a year ago.

For the first quarter of fiscal 2018 ending March 31, 2018, the company expected GAAP EPS of $0.77 to $0.82. The company expects to report USD sales growth versus prior year between 1% and 3% and local currency sales growth versus prior year between negative 3% and negative 1%.

For the full year of fiscal 2018 ending December 29, 2018, the company expected diluted GAAP EPS of $4.50 to $4.65 and diluted non-GAAP EPS of $5.09 to $5.24. Tax rate estimated at 27.8% on a U.S. GAAP basis and 27.0% excluding items. For 2018, the company foresees $75 million of capital expenditures and to come in with cash flow from operating activities, net of investing activities, including that capital expenditure of $170 million to $180 million. The full year outlook includes interest expense of $44 million, about in line with 2017. Income before income taxes expected between $320.6 million and $331.2 million. Net income expected between $231.4 million and $239.2 million. Adjusted net income expected between $261.4 million and $269.2 million. The company expects to report USD sales growth versus prior year between 2% and 4% and local currency sales growth versus prior year to be 2%.