Earnings Call Excerpt
Tupperware Brands Corporation (TUP)
F3Q08 Earnings Call
October 22, 2008 10:00 am ET
Executives
E.V. Goings - Chairman of the Board, Chief Executive Officer
Simon C. Hemus - President, Chief Operating Officer
Michael S. Poteshman - Chief Financial Officer, Executive Vice President
Analysts
Doug Lane - Jefferies & Co.
Dara Mohsenian - J.P. Morgan Securities, Inc.
Unidentified Analysts
Presentation
E.V. Goings
We’re webcast and we’re live also. What I would ask is please that you hold your questions till the end of their presentations and then when there are questions, Herbert we’d like to wait and we’ll have a couple of people can walk around with microphones so that the people on the phone or later webcast gets the benefit of your questions.
Firstly, let me tell you what I’m going to do. What I’m not going to do is read you slides. You know the drill with regard to forward-looking statements but our release went out yesterday. We’d be happy to answer any of your questions later. I’m going to make some introductory remarks and then I’m going to turn it over to Simon for about a half hour so the bulk of the presentation this morning will really be Simon. Mike will cover some highlights of the earnings release but we don’t want to waste your time reading what you already have read in the earnings release. We’ll be happy to get a little more granular and help you understand a little bit more.
A couple of introductory statements. Generally I don’t have Simon at these meetings because Simon is President and COO. He is responsible for running the day-to-day business and you can’t do both, run the external piece of the business, the strategy piece, and run the business.
These are what I would think moderately calling unique times. It’s funny. I was at one financial meeting last week in New York City and somebody’s gum popped. We looked around. We didn’t know if it was gum or a gun. It’s been very, very difficult and that’s why by the way we made the decision to have this meeting today because we want you to understand just a little bit more of our business and why we believe clear communications are important in the time ahead.
Again, I’m not going to read you these slides but what I do want to point out are a couple of things on this slide. Our core business is very sound. We’re pleased with what’s happening there.
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