Campbell Soup (CPB) Misses Q3 EPS by 9c, Trims FY EPS Guidance
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 $3.07.
Based on the foregoing, the company is now providing full-year fiscal 2021 guidance as set forth in the table below:
Continuing Operations |
| FY 2020 |
| Previous FY 2021 |
| Updated FY 2021 | ||
($ 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.