Campbell Soup (CPB) Tops Q3 EPS by 9c, Updates Guidance

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Go back to Campbell Soup (CPB) Tops Q3 EPS by 9c, Updates Guidance

Campbell Reports Third-Quarter Fiscal 2022 Results

June 8, 2022 7:15 AM EDT

Earnings Per Share (EPS) from Continuing Operations increased 15% to $0.62. Adjusted EPS increased 37% to $0.70. Net Sales increased 7% and Organic Net Sales increased 9% to $2.1 billion. Demand for Campbell's products remained strong with consumption up 4% compared to prior year and up 14% on a three-year basis. Raises full-year fiscal 2022 net sales guidance reflecting strong year-to-date performance. Reaffirms Adjusted Earnings Before Interest and Taxes (EBIT) and Adjusted EPS guidance given continued expected higher inflation.

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