Campbell Soup Co.

NYSE:CPB   3:59:59 PM EDT
40.34
-0.86 (-2.09%)
4:00:00 PM EDT: $40.34 0.00 (0.00%)
Share Repurchases, Other Pre-Announcement

Campbell Soup Says Q3 Adjusted Earnings Per Share $0.57 From Continuing Operations Excluding Items

Published: 06/09/2021 12:15 GMT
Campbell Soup Co. (CPB) - Campbell Reports Third-quarter Fiscal 2021 Results.
Q3 Adjusted Earnings per Share $0.57 From Continuing Operations Excluding Items.
Q3 Earnings per Share $0.54 From Continuing Operations.
Q3 Earnings per Share Estimate $0.66 -- Refinitiv Ibes Data (analyst estimates).
Updates Full-year Fiscal 2021 Guidance.
Qtrly Reported Net Sales $1.98 Billion Versus $2.24 Billion.
Sees FY 2021 Net Sales Down 3.5% to Down 3.0%.
Q3 Revenue View $2.00 Billion -- Refinitiv Ibes Data (analyst estimates).
Qtrly Organic Net Sales Decreased 12% From Prior Year.
Sees FY 2021 Adjusted EPS $2.90 to $2.93.
FY2021 Earnings per Share View $3.07, Revenue View $8.43 Billion -- Refinitiv Ibes Data (analyst estimates).
Campbell Soup - Authorized Anti-dilutive Share Repurchase Program of Up to $250 Million to Offset Dilution From Shares Issued Under Stock Compensation Programs.
Campbell Soup - Remains on Track to Deliver Annualized Savings of $850 Million by End of Fiscal 2022.
In Q4, Expects Continued Margin Pressure Related to Transition Out of Covid-19 Environment.