UPDATE 1-Lower demand in N.America, Europe drags Tupperware revenue

Wed Jan 29, 2014 9:12am EST
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* Fourth-quarter earnings/share $1.81 vs est $1.84

* Sales rise 1 pct to $717 mln vs est $727.9 mln

* Sees 2014 earnings/share of $5.51-$5.66 vs est $6.02

* Increases quarterly dividend by 10 pct (Adds outlook, details on dividend, background, share movement)

Jan 29 (Reuters) - Tupperware Brands Corp forecast a weaker-than-expected profit for 2014 after its fourth-quarter results missed market estimates due to a 5 percent fall in sales in its established markets such as Germany, Canada and the United States.

The company's shares fell 8 percent in premarket trading.

Tupperware, known for its colorful food containers, said it expects 2014 profit to be $5.51-$5.66 per share. Analysts were expecting $6.02 per share, according to Thomson Reuters I/B/E/S.

The company, which also sells personal care products, said it raised its dividend by 6 cents to 68 cents per share from the previous quarter.

The company reported a 12 percent rise in fourth-quarter revenue from emerging markets such as Turkey, South Africa and Singapore but lower discretionary spending in Europe and North America weighed on revenue.   Continued...