Campbell Soup (CPB) Tops Q1 EPS by 11c, Offers Q2 Guidance
Campbell Soup (NYSE: CPB) reported Q1 EPS of $1.02, $0.11 better than the analyst estimate of $0.91. Revenue for the quarter came in at $2.34 billion versus the consensus estimate of $2.32 billion.
GUIDANCE:
Campbell Soup sees Q2 2021 EPS of $0.81-$0.83, versus the consensus of $0.84.
The impact of the continuing pandemic on the company's fiscal 2021 results is uncertain and makes it difficult to provide a full-year outlook at this time. Based on our expectation of a continued elevated demand landscape and increased investment in our brands, the company is providing second-quarter fiscal 2021 guidance as set forth in the table below:
Continuing Operations |
| Q2 2020 |
|
| Q2 2021 |
($ in millions, except per share) |
|
|
|
|
|
Net Sales |
| $2,162 |
|
| +5% to +7% |
|
|
|
|
|
|
Adjusted EBIT |
| $364* |
|
| +5% to +7% |
|
|
|
|
|
|
Adjusted EPS |
| $0.72* |
|
| +12% to +15% |
|
|
|
|
| $0.81 to $0.83 |
For earnings history and earnings-related data on Campbell Soup (CPB) click here.