Campbell Soup Co. (NYSE:CPB) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Campbell Soup Co. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 9.76% to $0.45 in the quarter versus EPS of $0.41 in the year-earlier quarter.
Revenue: Rose 6.82% to $1.72 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Campbell Soup Co. reported adjusted EPS income of $0.45 per share. By that measure, the company beat the mean analyst estimate of $0.42. It missed the average revenue estimate of $1.84 billion.
Quoting Management: Denise Morrison, Campbell’s President and Chief Executive Officer, said, “Campbell made solid progress in fiscal 2013 as we executed our dual mandate to strengthen our core business and expand into higher-growth spaces. Our full-year sales and adjusted EBIT growth were consistent with our most recent fiscal 2013 guidance, and our EPS growth exceeded that guidance.”
Key Stats (on next page)…