Campbell Soup (CPB) Tops Q1 EPS by 8c, Offers Guidance
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Campbell Reports First-Quarter Fiscal 2022 Results
December 8, 2021 7:15 AM ESTNet Sales decreased 4%; Organic Net Sales decreased 4% cycling retailer inventory recovery in the prior year. Compared to the first quarter of fiscal 2020, net sales increased 2% and organic net sales increased 5%. Earnings Before Interest and Taxes (EBIT) decreased 18% to $376 million. Adjusted EBIT decreased 15% to $389 million. Earnings Per Share (EPS) from Continuing Operations were $0.86. Adjusted EPS decreased $0.12, or 12%, to $0.89. Reaffirms full-year guidance which has been adjusted to reflect the exclusion of unrealized mark-to-market (MTM) gains and losses on outstanding undesignated commodity... More
