Campbell Soup Reports Mixed Q1 Results but Beats EPS Estimates

In a recent report, Campbell Soup Co. announced its first-quarter profit decreased compared to last year, but it managed to beat analysts' earnings per share expectations, showing resilience amid challenges.

Date: 04-12-2024

AI Rating: 6

In the report, Campbell Soup Co. (CPB) disclosed that its first-quarter profit decreased from $234 million last year to $218 million this year. Despite the decline, the earnings per share (EPS) of $0.72 exceeded analysts' expectations of $0.87, which reflects a slight positive sentiment surrounding the earnings performance.

The adjusted earnings, which account for special items, revealed a more favorable outcome with $267 million or $0.89 per share. This positive difference indicates stronger underlying performance when excluding exceptional items.

Looking at revenue growth, Campbell Soup Co. reported a notable increase of 10.1%, rising from $2.518 billion last year to $2.772 billion this quarter. Such revenue growth suggests that the company is effectively expanding its market reach or benefiting from higher demand for its products.

The guidance for full-year EPS between $3.12 and $3.22 provides an optimistic outlook, considering the company has established its earnings targets within a reasonable range, potentially appealing to investors seeking stability amidst fluctuations.

Stocks: CPB