Tupperware Brands Corp. reported first-quarter net income that fell to $35.7 million, or 70 cents a share, from $47.4 million, or 93 cents a share, in the same period a year ago. Excluding non-recurring items, adjusted earnings per share came to 91 cents, matching the FactSet consensus. Revenue declined to $542.6 million from $554.8 million, just above the FactSet consensus of $542.4 million, as a 3% rise in North America sales was offset by a 4% decline in Europe, a 3% drop in Asia Pacific and a 5% decline in South America. The stock was still inactive in premarket trade. The home and beauty products company said it expects second-quarter adj. EPS of $1.14 to $1.19, compared with the FactSet consensus of $1.19. Separately, Tupperware said it plans to buy $200 million worth of its shares in the "upcoming months." The stock has tumbled 32.4% year to date, while the S&P 500 has lost 1.5%.