Campbell Soup (CPB) Tops Q3 EPS by 3c, Offers Guidance

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Go back to Campbell Soup (CPB) Tops Q3 EPS by 3c, Offers Guidance

Campbell Reports Third-Quarter Fiscal 2023 Results

June 7, 2023 7:15 AM EDT

Reported and Organic Net Sales increased 5% led by favorable net price realization. Reported Earnings Before Interest and Taxes (EBIT) decreased 14% to $254 million. Adjusted EBIT decreased 2% to $313 million primarily due to non-operating items. Reported Earnings Per Share (EPS) decreased 15% to $0.53. Adjusted EPS decreased 3% to $0.68. Reaffirms full-year fiscal 2023 guidance.

CAMDEN, N.J.--(BUSINESS WIRE)-- Campbell Soup Company (NYSE: CPB) today reported results for its third-quarter fiscal 2023 ended April 30, 2023.

CEO Comments

Our third-quarter results were in line with our expectations and were driven by in-market momentum,... More