Campbell Soup Co.

NYSE:CPB   11:26:15 AM EDT
48.04
-0.40 (-0.83%)
Positive Earnings Pre-Announcement

Campbell Reports Q3 Adjusted EPS Of $0.70

Published: 06/08/2022 11:30 GMT
Campbell Soup Co. (CPB) - Campbell Reports Third-quarter Fiscal 2022 Results.
Q3 Adjusted Earnings per Share $0.70.
Q3 Earnings per Share $0.62 From Continuing Operations.
Q3 Sales Rose 7 Percent to $2.13 Billion.
Campbell Soup - in Quarter, Demand for Campbell's Products Remained Strong With Consumption Up 4% Compared to Prior Year and Up 14% on a Three-year Basis.
Raises Full-year Fiscal 2022 Net Sales Guidance Reflecting Strong Year-to-date Performance.
Campbell Soup - for FY Reaffirms Adjusted Earnings Before Interest and Taxes (ebit) and Adjusted EPS Guidance Given Continued Expected Higher Inflation.
Qtrly Net Sales Increased 7% and Organic Net Sales Increased 9% to $2.1 Billion.
Campbell Soup - Improved Supply Chain Execution Along With Inflation-driven Pricing Began to Mitigate Margin Pressure We Experienced Over 12 Months.
Campbell Soup - Through Q3, Achieved $840 Million of Total Savings Under Its Multi-year Cost Savings Program, Inclusive of Snyder's-lance Synergies.
Operating Environment Remains Challenging and We Continue to Expect Significant Inflation.
Remains on Track to Deliver Savings of $1 Billion by End of Fiscal 2025.
Expects Margin Pressure for Full-year Fiscal 2022 Relative to Prior Year.
Expects Core Inflation to Exceed Prior Estimates for Balance of Year.
Campbell Soup - Sees FY Net Sales Flat to Up 1%, Sees FY Organic Net Sales Up 1% to 2%.
Q3 Earnings per Share View $0.61, Revenue View $2.05 Billion -- Refinitiv Ibes Data (analyst estimates).
Revenue is expected to be $1.97 Billion
Adjusted EPS is expected to be $0.56

Next Quarter Revenue Guidance is expected to be $2.33 Billion
Next Quarter EPS Guidance is expected to be $0.87

More details on our Analysts Page.