The Campbell Soup (CPB) company is just out this morning with its quarterly report. The company posted earnings of 57-cents a share when analysts had expected 56-cents which would have been the same as one year ago. Sales were up 15% beating expectations and topping $2-billion. Campbell's stock has been a standout among U.S. based packaged food companies. It's Pepperidge Farm division has been doing particularly well perhaps in part because of the collapse of Hostess. Campbell shares are up 32% year to date, which is actually about $5 above its consensus price target.
Next up is Acquity (AQ) group, which closed under $6 on Friday. But is now trading at more than twice that on news of a takeover bid. The tech consulting firm Accenture (ACN) says it's buying Acquity for $13 a share. Acquity is the second-largest independent digital marketing company in the US. But it's still relatively small with annual revenue of about $140-million. Prior to the announcement of the deal, Acquity was down 21% year-to-date.
Urban Outfitters (URBN) reports after the closing bell today. The company is expected to post earnings of 29-cents a share up from 23-cents last year on a healthy rise in revenue to $655-million. Analysts say the company's in the middle of an impressive turnaround after a slowdown a few years ago. Since then the company has overhauled its merchandising, inventory management, and e-commerce. The stock is up 70% over the past year and is now trading at an all-time high.
Finally, we look at another clothing maker reporting after the bell, PVH (PVH). That's the parent company of Philips Van Heusen plus brands like Calvin Klein, Tommy Hilfiger, and Izod. The company is expected to post earnings of $1.35 a share up a nickel from last year on revenue that's climbed 34% to almost $2-billion. Shares were up more than 2% on Friday ahead of the report and are just several precentage points short of their all-time high, set back in March.