Tag Archives: Campbell Soup Company

Campbell Soup (CPB) 24Q4 Update

Campbell Soup Company (CPB) reported 24Q4 diluted GAAP loss per share of $0.01, compared with last year’s profit of $0.41.  Non-GAAP EPS of $0.63, above last year’s $0.50, and matching my estimate of $0.63.  Net sales were $2.39 billion, up … Continue reading

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Campbell Soup (CPB) 24Q3 Update

Campbell Soup Company (CPB) reported 24Q3 diluted GAAP EPS of $0.44, below last year’s $0.53.  Non-GAAP EPS was $0.76, above last year’s $0.68, and in line with my estimate of $0.75.  Net sales were $2.37 billion, 6.3% above 23Q3.  The … Continue reading

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Campbell Soup (CPB) 24Q1 Update

Campbell Soup Company (CPB) reported 24Q1 diluted GAAP EPS of $0.78, below last year’s $0.99 and also below my estimate of $0.82.  Non-GAAP EPS was $0.91, below last year’s $1.02, but above my estimate of $0.85.  Net sales were $2.52 … Continue reading

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Campbell Soup (CPB) 23Q4 Update

23Q4 Results Exceed Expectations; Agrees to Acquire Sovos Brands; Maintaining Buy Rating; Lowering PT Campbell Soup Company (CPB) reported 23Q4 diluted EPS of $0.56 above last year’s $0.32 and my estimate of $0.34.  Non-GAAP EPS was $0.50, below last year’s … Continue reading

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Campbell Soup Co. (CPB) 23Q3 Update

Campbell Soup Company (CPB) reported 22Q3 EPS of $0.53 below last year’s $0.62 and my estimate of $0.61.  Net sales were $2.23 billion, 4.6% above 22Q3 and in line with my estimate.  Diluted Non-GAAP EPS was $0.68, down 3.1% YOY … Continue reading

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Campbell Soup Company (CPB) 23Q2 Update

Campbell Soup Company (CPB) reported stronger than expected 23Q2 net sales and profits (vs. my estimates).  Net sales were $2.49 billion, 12.5% above 22Q1 and 7% above my estimate.  Diluted Non-GAAP EPS was $0.80, up 6% YOY and better than … Continue reading

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Campbell Soup (CPB) 23Q1 Update

Campbell Soup Company (CPB) reported much stronger than expected 23Q1 net sales and profits (vs. my estimates).  Net sales were $2.58 billion, 15% above 22Q1 and 9% above my estimate.  Diluted Non-GAAP EPS was $1.02, up 14% YOY and better … Continue reading

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Campbell Soup (CPB) 22Q4 Update

Fiscal 22Q4 net sales of $2.0 billion increased 6.1% YOY.  GAAP diluted EPS was $0.32, below 21Q4’s $0.95.  Non-GAAP adjusted EPS of $0.56 exceeded 21Q4’s $0.52.  These results were generally in line with my expectations.

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Notes and Analysis from Campbell Soup’s Fiscal 2022 Investor Day

Since 2019, Campbell Soup Company has jettisoned several businesses to focus on its core Meals and Beverage (M&B) and Snacks segments.  It has also acquired new growth platforms in Pacific Foods and Snyder’s-Lance.  Its $1 billion enterprise cost savings program … Continue reading

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