Campbell Soup (CPB) Tops Q3 EPS by 9c, Updates FY Guidance
Tweet
Share
E-mail
Get Alerts CPB Hot Sheet
EPS Growth %: +4.4%
Financial Fact:
Net sales: 2.2B
Today's EPS Names:
NLY, CP, RUSHA, More
Join SI Premium – FREE
Campbell Soup (NYSE: CPB) reported Q3 EPS of $0.70, $0.09 better than the analyst estimate of $0.61. Revenue for the quarter came in at $2.13 billion versus the consensus estimate of $2.14 billion.
GUIDANCE:
Campbell Soup sees FY2018 EPS of $2.85-$2.90, may not compare to the consensus of $3.13.
Based on the company’s current outlook for fiscal 2018, including the impact of the Snyder’s-Lance acquisition, Campbell has revised its fiscal 2018 guidance as shown in the table below. This guidance assumes the impact from currency translation will be nominal.
($ in millions, except per share) | ||||||||
Snyder’s- | ||||||||
| 2017 | Revised 2018 Guidance | Lance | Revised | |||||
| Results | Before Snyder’s-Lance | Acquisition | 2018 Guidance | |||||
| Net Sales | $7,890 | 0 to +1% | +9 to +10 pts | +10 to +11% | ||||
| (Previously -1 to +1%) | ||||||||
| Adjusted EBIT | $1,492* | -11 to -9% | +3 pts | -8 to -6% | ||||
| (Previously -7 to -5%) | ||||||||
| Adjusted EPS | $3.04* | -3 to -1% | -3 pts | -6 to -5% | ||||
| (Previously +2 to +4%) | -$0.10 | $2.85 to $2.90 | ||||||
| | ||||||||
For earnings history and earnings-related data on Campbell Soup (CPB) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- O'Reilly Automotive (ORLY) Misses Q1 EPS by 7c, Offers Guidance
- Amerant Bancorp Inc. (AMTB) Misses Q1 EPS by 5c
- Plexus Corp (PLXS) Tops Q2 EPS by 7c
Create E-mail Alert Related Categories
Earnings, Guidance, Hot Earnings, Hot GuidanceRelated Entities
Earnings, Definitive AgreementSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
