While the top- and bottom-line numbers for Campbell (CPB) give a sense of how the business performed in the quarter ended April 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Campbell Soup (CPB) came out with quarterly earnings of $0.75 per share, beating the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $0.68 per share a year ago.
Shares of Campbell Soup Co. CPB, -0.09% climbed 1.4% in premarket trading Wednesday, after the canned soup, foods and snacks company reported fiscal third-quarter profit and sales that beat expectations, as strength in meals and beverages offset weakness in snacks. Net income for the quarter to April 28 fell to $133 million, or 44 cents a share, from $160 million, or 53 cents a share, in the same period a year ago.
Campbell Soup on Wednesday raised its forecast for annual net sales growth, banking on a recovery in demand for its ready-to-eat soups and meals and from its acquisition of Rao's sauce maker Sovos Brands.
Campbell Soup's (CPB) Q3 results are likely to reflect gains from strategic priorities and the Snacks business, while marketing costs and a tough consumer landscape are concerns.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Campbell (CPB), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended April 2024.
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Campbell (CPB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Campbell Soup (NYSE: CPB ) layoffs are a hot topic on Tuesday as the canned soup company announces plans to cut jobs as part of a reorganization. Campbell Soup says that it's restructuring its business to be more efficient.
Campbell Soup on Tuesday said it plans to reduce the size of its Jeffersonville, Indiana site and close Tualatin, Oregon site, leading to 415 job cuts.
Campbell Soup Co. CPB, -0.55% said Tuesday it plans to shut down a Pacific Foods organic soup plant in Tualatin, Ore., and reduce staff at a site in Jeffersonville, Indiana, in cost-cutting moves that will affect 415 jobs.
Campbell (CPB) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.