Campbell Soup (CPB) Tops Q2 EPS by 3c, Offers Guidance
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Campbell Reports Second-Quarter Fiscal 2024 Results
March 6, 2024 7:15 AM ESTExpects to complete Sovos Brands, Inc. acquisition in March 2024Â
Net Sales were $2.5 billion, decreasing 1% on both a reported and organic basis. On a two-year-compound annual growth rate (CAGR), net sales increased 5% and organic net sales increased 6% due to favorable net price realization and continued brand strength. Earnings Before Interest and Taxes (EBIT) were $317 million; Adjusted EBIT was $364 million, an increase of 1%. Earnings Per Share (EPS) were $0.68; Adjusted EPS were $0.80, comparable to the prior year. Reaffirms full-year fiscal 2024 guidance. Subject to the satisfaction or waiver of customary closing... More