Campbell Soup (CPB) Misses Q3 EPS by 9c, Trims FY EPS Guidance

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Go back to Campbell Soup (CPB) Misses Q3 EPS by 9c, Trims FY EPS Guidance

Campbell Reports Third-Quarter Fiscal 2021 Results

June 9, 2021 7:15 AM EDT

Net Sales decreased 11% as a result of lapping the demand surge at the onset of the pandemic in the prior year. Earnings Before Interest and Taxes (EBIT) was $272 million, comparable to prior year. Adjusted EBIT decreased 27% to $283 million. Earnings Per Share (EPS) from Continuing Operations decreased 2% to $0.54. Adjusted EPS decreased 31% to $0.57. Nearly 75% of brand portfolio grew or held share highlighting strong brand health and continued momentum. Updates full-year fiscal 2021 guidance.

CAMDEN, N.J.--(BUSINESS WIRE)-- Campbell Soup Company (NYSE: CPB) today reported results for its... More