Campbell Soup (CPB) Modestly Boosts FY11 Outlook; Offers FY12, Long-Term Targets

July 12, 2011 8:34 AM EDT
Campbell Soup (NYSE: CPB) sees FY11 adj-EPS up about 1 percent, sees sales comparable to last year. Campbell Soup had expected FY11 EPS to fall 1-3%. Sales were expected to be down 1% to up 1%.

Sees FY12 operating EPS down about 4-6% on sales which will be flat to up 2%.

Sees long-term sales growth of 3-4% and adj-EPS growth of 5-7%.


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