Campbell Soup (CPB) Tops Q1 EPS by 7c, Maintains FY EPS Guidance
Campbell Soup (NYSE: CPB) reported Q1 EPS of $0.78, $0.07 better than the analyst estimate of $0.71. Revenue for the quarter came in at $2.18 billion versus the consensus estimate of $2.19 billion.
GUIDANCE:
Campbell Soup sees FY2020 EPS of $2.50-$2.55, versus the consensus of $2.52.
Continuing Operations |
| 2019 Results |
| Previous 2020 Guidance |
| Impact from Sale of European Chips Business |
| Updated 2020 Guidance |
($ in millions, except per share) |
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Net Sales |
 | $8,107 |
| +1 to +3% |
| -2% |
| -1 to +1% |
Organic Net Sales |
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| No Impact |
| -1 to +1% |
Adjusted EBIT |
| $1,266* |
| +2 to +4% |
| No Impact |
| +2 to +4% |
Adjusted EPS |
| $2.30* |
| +9 to +11% $2.50 to $2.55 |
| No Impact |
| +9 to +11% $2.50 to $2.55 |
* Adjusted – refer to the detailed reconciliation of the reported (GAAP) financial information to the adjusted financial information at the end of this news release. |
For earnings history and earnings-related data on Campbell Soup (CPB) click here.