Campbell Soup (CPB) Reports In-Line Q4 EPS

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Go back to Campbell Soup (CPB) Reports In-Line Q4 EPS

Campbell Soup (CPB) Tumbles Following Earnings, Analyst Worried About Incremental Pricing

September 1, 2022 10:36 AM EDT

Campbell Soup (NYSE: CPB) shares tumbled Thursday after the company reported earnings before the open.

The company's shares are down more than 6% at the time of writing, trimming some of the gains made this year.

Campbell Soup reported fiscal fourth-quarter earnings of $0.56, in-line with the analyst estimate of $0.56, while Rrevenue for the quarter came in at $2 billion versus the consensus estimate of $1.98 billion.

"During fiscal 2022, we demonstrated a significant step up in execution across the company with improved supply chain performance and effective revenue management to counter inflation. Our solid... More