Campbell Soup (CPB) Tops Q1 EPS by 16c, Updates Guidance
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Campbell Reports First-Quarter Fiscal 2023 Results
December 7, 2022 7:15 AM ESTDelivers Double-digit Growth; Raises Fiscal 2023 Guidance
Net Sales and Organic Net Sales increased 15% due to inflation-driven pricing, brand strength and continued supply recovery. Reported Earnings Before Interest and Taxes (EBIT) increased 16% to $436 million. Adjusted EBIT increased 15% to $449 million. Reported Earnings Per Share (EPS) increased 15% to $0.99. Adjusted EPS increased 15% to $1.02. Raises full-year fiscal 2023 guidance based on strong first-quarter results, sustained brand momentum and strengthened supply chain.CAMDEN, N.J.--(BUSINESS WIRE)--
