Campbell Soup Co.

NYSE:CPB   3:59:59 PM EDT
-0.10 (-0.22%)
Other Pre-Announcement

Campbell Reports First-Quarter Fiscal 2022 Results

Published: 12/08/2021 12:24 GMT
Campbell Soup Co. (CPB) - Campbell Reports First-quarter Fiscal 2022 Results.
Q1 Adjusted Earnings per Share $0.89 From Continuing Operations Excluding Items.
Q1 Earnings per Share $0.86 From Continuing Operations.
Q1 Adjusted Earnings per Share $0.89.
Reaffirms Full-year Guidance Which Has Been Adjusted.
Qtrly Net Sales As Reported (GAAP) $2,236 Million, Down 4%.
Qtrly Organic Net Sales Decreased 4% Cycling Retailer Inventory Recovery in Prior Year.
Second Quarter Top-line Performance is Expected to Sequentially Improve Year-over-year.
Also in the Second Quarter, With Respect to Margin, the Company Expects Continued Pressure.
Q1 Earnings per Share View $0.81, Revenue View $2.28 Billion -- Refinitiv Ibes Data (analyst estimates).
FY2022 Earnings per Share View $2.76 -- Refinitiv Ibes Data (analyst estimates).
Remains on Track to Deliver Annualized Savings of $850 Million by End of Fiscal 2022.