Campbell Soup (CPB) Tops Q3 EPS by 8c, Offers Guidance
Campbell Soup (NASDAQ: CPB) reported Q3 EPS of $0.73, $0.08 better than the analyst estimate of $0.65. Revenue for the quarter came in at $2.48 billion versus the consensus estimate of $2.43 billion.
GUIDANCE:
Campbell Soup sees FY2025 EPS of $2.95-$3.05, versus the consensus of $2.98.
Full-Year Fiscal 2025 Guidance:
Based on the company's year-to-date performance, Campbell’s is reaffirming its full-year fiscal 2025 guidance provided on March 5, 2025, excluding the impact of tariffs. Adjusted EBIT and adjusted EPS are now expected to be at the low end of the guidance range due to the slower than anticipated recovery in the Snacks business.
The current tariff situation is fluid in light of recent legal challenges; however, assuming the current tariff actions remain in place, the company estimates the net headwind of higher tariff-related costs could be up to an incremental of $0.03 to $0.05 per share to fiscal 2025 adjusted EPS. This is not factored into the company's fiscal 2025 guidance as the tariff and trade environments are rapidly evolving.
Fiscal 2025 comprises 53 weeks, one additional week compared to fiscal 2024. The benefit of the 53rd week is included in the company's fiscal 2025 guidance (with the exception of organic net sales which exclude the 53rd week) and is estimated to be worth approximately 2 points of growth to reported net sales and adjusted EBIT, along with approximately $0.05 of adjusted EPS.
Other additional guidance assumptions can be found in the accompanying investor presentation available at https://investor.thecampbellscompany.com/events-presentations.
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| FY2024 |
| FY2025 |
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($ in millions, except per share) |
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Net Sales |
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| $9,636 |
| +6% to +8% |
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Organic Net Sales |
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| $9,457* |
| (2)% to 0% |
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Adjusted EBIT |
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| $1,454* |
| +3% to +5% |
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Adjusted EPS |
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| $3.08* |
| (4)% to (1)% |
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| $2.95 to $3.05 |
For earnings history and earnings-related data on Campbell Soup (CPB) click here.