Campbell Soup (NYSE: CPB) reported Q3 EPS of $0.57, $0.09 worse than the analyst estimate of $0.66. Revenue for the quarter came in at $1.98 billion versus the consensus estimate of $2 billion.

GUIDANCE:

Campbell Soup sees FY2021 EPS of $2.90-$2.93, versus the consensus of $3.07.

Based on the foregoing, the company is now providing full-year fiscal 2021 guidance as set forth in the table below:

Continuing Operations		FY 2020 Results				Previous FY 2021 Guidance		Updated FY 2021 Guidance
($ in millions, except per share)
Net Sales		$8,691				-3.5% to -2.5%		-3.5% to -3.0%
Organic Net Sales		$8,492		*		-1.5% to -0.5%		-1.2% to -0.7%
Adjusted EBIT		$1,449		*		-1% to +1%		-5% to -4%
Adjusted EPS		$2.95		*		+3% to +5%		-2% to -1%
						$3.03 to $3.11		$2.90 to $2.93

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