Campbell Soup (CPB) Tops Q4 EPS by 8c; Guides

Campbell Soup (NYSE: CPB) reported Q4 EPS of $0.55, $0.08 better than the analyst estimate of $0.47. Revenue for the quarter came in at $1.87 billion versus the consensus estimate of $1.81 billion.

Mark Clouse, Campbell’s President and CEO, said, “The fourth quarter was a positive finish to a solid year during which we successfully navigated a difficult environment, made significant progress advancing our strategic plan and addressed the executional pressures we experienced in the third quarter. Our growth in adjusted EPS during fiscal 2021 on comparable organic sales, coupled with our expanded share growth across the majority of our core categories, demonstrated strong performance especially when compared to the significant growth in the prior year. As we head into fiscal 2022, we have robust in-market momentum on our brands, strong plans to manage inflation, and a talented and committed team to lead through what we expect to be a very challenging environment.\"

GUIDANCE:

Campbell Soup sees FY2022 EPS of $2.75-$2.85, versus the consensus of $2.87.

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

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