Campbell’s Soup Issues Revised Earnings Outlook
Campbell Soup Company (NYSE:CPB) stock is trading up 1.90% so far this morning on news that the canned-goods producer upped its earnings outlook for the current fiscal year to a 1% profit, from earlier projections of a 1-3% loss. The company will soon bring in new leadership with CEO Denise Morrison, who help grow its business into the future when she takes the reins on August 1st.
Campbell’s (NYSE:CPB) made the announcement to investors at its annual shareholder meeting in Camden, NJ, adding that for the fiscal year 2012, the company’s adjusted profit would fall 4 percent to 6 percent while sales would be flat to up 2 percent. CPB is up 3.04% over the past three months and .12% YTD with a 52 week high-low of $32.66 – 37.59. The company has a P/E of 14.35 on a total market cap of $11.17 billion.
See how the news is affecting these related companies: The Hain Celestial Group, Inc. (NASDAQ:HAIN), McCormick & Company, Inc. (NYSE:MKC), H.J. Heinz Company (NYSE:HNZ), ConAgra (NYSE:CAG), SYSCO (NYSE:SYY), United Natural Foods (NASDAQ:UNFI), General Mills (NYSE:GIS), Kellogg (NYSE:K), Kraft Foods (NYSE:KFT), Sara Lee (NYSE:SLE) and Pepsico (NYSE:PEP).