Campbell Soup (CPB) PT Lowered to $58 at Jefferies
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Campbell Reports First-Quarter Fiscal 2021 Results and Increases Quarterly Dividend
December 9, 2020 7:30 AM ESTNet Sales increased 7%; Organic Net Sales increased 8% reflecting continued elevated demand for Campbell's brands. Earnings Before Interest and Taxes (EBIT) increased 45% to $461 million. Adjusted EBIT increased 18% to $463 million. Earnings Per Share (EPS) from Continuing Operations of $1.02 increased 82%. Adjusted EPS of $1.02 increased 31%. Increases quarterly dividend by 6% to $0.37 per share. Provides guidance for the second quarter of fiscal 2021.
CAMDEN, N.J.--(BUSINESS WIRE)-- Campbell Soup Company (NYSE: CPB) today reported results for its first-quarter fiscal 2021 and announced a 6% increase to its quarterly... More
