Campbell Soup (CPB) Tops Q4 EPS by 1c, Revenues Miss; Offers FY19 Guidance Below Consensus

Campbell Soup (NYSE: CPB) reported Q4 EPS of $0.25, $0.01 better than the analyst estimate of $0.24. Revenue for the quarter came in at $2.2 billion versus the consensus estimate of $2.24 billion.

Keith McLoughlin, Campbell’s interim President and CEO said, “Fiscal 2018 was a challenging year for Campbell. These results and our outlook for fiscal 2019 reinforce the need for the significant actions we announced this morning as part of our comprehensive, Board-led strategy and portfolio review. We believe these actions will put us on a path to create sustainable shareholder value.”

GUIDANCE:

Pre-Divestitures

Campbell Soup sees FY2019 EPS of $2.45-$2.53, versus the consensus of $2.69. Campbell Soup sees FY2019 revenue of $9.975-10.1 billion.

Pro Forma Assuming Divestitures

Campbell Soup sees FY2019 EPS of $2.40-$2.50, versus the consensus of $2.69. Campbell Soup sees FY2019 revenue of $7.925-8.05 billion, versus the consensus of $10.27 billion.

For earnings history and earnings-related data on Campbell Soup (CPB) click here.

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