Campbell Soup (CPB) Tops Q2 EPS by 3c; Reaffirms Fiscal 2017 Guidance
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Campbell Reports Second-Quarter Results
February 17, 2017 7:15 AM ESTNet Sales Decreased 1 Percent, Organic Sales Decreased 2 Percent Campbell Records Pre-Tax Non-Cash Impairment Charges of $212 Million, or $0.58 Per Share, Related to Campbell Fresh Segment Earnings Before Interest and Taxes (EBIT) Decreased 50 Percent, Adjusted EBIT Decreased 1 Percent Earnings Per Share (EPS) Decreased 61 Percent to $0.33, Adjusted EPS Increased 5 Percent to $0.91 Reflecting Lower Adjusted Tax Rate Campbell Reaffirms Fiscal 2017 Guidance Campbell Increases Cost Savings Program Target from $300 Million by Fiscal 2018 to $450 Million by Fiscal 2020
CAMDEN, N.J.--(BUSINESS WIRE)-- Campbell Soup Company (NYSE: CPB) today reported its second-quarter results for fiscal 2017.
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