Campbell Soup (CPB) shares gain as profit tops expectations, momentum expected to build
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Go back to Campbell Soup (CPB) shares gain as profit tops expectations, momentum expected to build
December 6, 2023 7:15 AM EST
Reaffirms Full-Year Fiscal 2024 Guidance
Net Sales were $2.5 billion, decreasing 2% or 1% on an organic basis. On a two-year-compound annual growth rate (CAGR), net sales increased approximately 6% and organic net sales increased approximately 7% due to favorable net price realization and brand strength.
Earnings Before Interest and Taxes (EBIT) were $358 million; Adjusted EBIT was $407 million, down 9%.
Earnings Per Share (EPS) were $0.78; Adjusted EPS was $0.91, down 11%.
Reaffirms full-year fiscal 2024 guidance and continues to expect the acquisition of Sovos Brands, Inc. (Sovos Brands) to close in calendar year 2024.
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December 5, 2023 7:00 AM EST
CAMDEN, N.J. and LOS ANGELES, Dec. 05, 2023 (GLOBE NEWSWIRE) -- Campbells® Chunky®, the Official Soup Sponsor of the NFL and Enthusiast Gaming Holdings Inc. (Enthusiast Gaming) (TSX: EGLX) are partnering to level up the soup brands gaming strategy with a sponsorship of the popular video gaming series, NFL Tuesday Night Gaming (NFL TNG). The comprehensive sponsorship program will be part of the second season of NFL TNG, a collaboration between the National Football League (NFL) and... More
December 5, 2023 7:00 AM EST
Innovative brand experience combines social, content and gameplay initiatives in Fortnite Creative
CAMDEN, N.J. and LOS ANGELES, Dec. 05, 2023 (GLOBE NEWSWIRE) -- Campbells® Chunky®, the Official Soup Sponsor of the NFL and Enthusiast Gaming Holdings Inc. (Enthusiast Gaming) (TSX: EGLX) are partnering to level up the soup brands gaming strategy with a sponsorship of the popular video gaming series, NFL Tuesday Night Gaming (NFL TNG). The comprehensive sponsorship program will be part of the second season of NFL TNG, a collaboration between the National Football League (NFL) and... More
