Campbell Soup Earnings: Everything You Must Know Now

Campbell Soup Co. (NYSE:CPB) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

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Campbell Soup Co. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 10.71% to $0.62 in the quarter versus EPS of $0.56 in the year-earlier quarter.

Revenue: Rose 14.99% to $2.09 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Campbell Soup Co. reported adjusted EPS income of $0.62 per share. By that measure, the company beat the mean analyst estimate of $0.56. It beat the average revenue estimate of $2.04 billion.

Quoting Management: Denise Morrison, Campbell’s President and Chief Executive Officer, said, “I am very pleased by our results in the third quarter and the strong performances by a number of our key businesses. In U.S. Soup, our condensed, ready-to-serve soups and broth businesses delivered double-digit sales growth. Global Baking and Snacking also posted solid top-line growth across Pepperidge Farm crackers, cookies and bakery, as well as in Arnott’s biscuits. At Bolthouse Farms, we delivered another quarter of strong results in super-premium beverages, carrots and salad dressings.”

Key Stats (on next page)…

Revenue decreased 10.24% from $2.33 billion in the previous quarter. EPS decreased 11.43% from $0.70 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.43 to a profit $0.42. For the current year, the average estimate has moved up from a profit of $2.55 to a profit of $2.56 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)