Campbell Soup (CPB) Tops Q3 EPS by 9c, Updates FY Guidance
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.