Campbell Soup (CPB) Tops Q2 EPS by 6c, Updates Guidance
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Campbell Reports Second-Quarter Fiscal 2023 Results
March 8, 2023 7:15 AM ESTDouble-digit Net Sales and EPS Growth; Raises Fiscal 2023 Guidance
Net Sales increased 12% and Organic Net Sales increased 13% due to favorable net price realization and continued brand strength. Reported Earnings Before Interest and Taxes (EBIT) increased 8% to $350 million. Adjusted EBIT increased 14% to $362 million. Reported Earnings Per Share (EPS) increased 10% to $0.77. Adjusted EPS increased 16% to $0.80. Raises full-year fiscal 2023 net sales guidance and raises the midpoint of adjusted EBIT and adjusted EPS guidance range reflecting the continued strength of the company's performanceCAMDEN, N.J.--(BUSINESS WIRE)-- Campbell Soup... More
