U.S. Markets closed

Campbell Soup Reports; Guess Climbs 18% on Earnings; Krispy Kreme on Deck

Dan Berman
Hot Stock Minute
Campbell Soup Reports; Guess Climbs 18% on Earnings; Krispy Kreme on Deck

Campbell's (CPB) reported earnings this morning. The maker of soup and more posted earnings of 45-cents a share, up 4-cents from a year ago and 3-cents better than estimates. Revenue, however missed at $1.72-billion versus consensus of $1.84-billion. The company has been working to strengthen its core business while also expanding into higher-growth spaces. Those efforts include the acquisition of Bolthouse Farms juices. So far Campbell's stock is not moving much on the report. It has been up 24% year-to-date

Guess (GES) has been up more than 18% since yesterday's closing bell. The company shattered estimates with its earnings report, posting profits of 52-cents a share, when analysts were looking for 36-cents. Revenue also beat, coming in at $639-million. Profits were actually down 7% from last year, but Guess has upped its outlook citing success in cutting expenses. The company has also been streamlining its business and is moving into new markets. The climb we're seeing on this report, just about mirrors an 18% drop in Guess stock over the past month. Prior to this morning, shares were up about 10% year-to-date.

Fresh Market (TFM) has been down more than 4.5% since reporting its earnings after the closing bell. The smaller competitor of Whole Foods says same store sales rose 3.4% in the quarter, and revenue rose 13% from a year earlier. Still, the overall sales figure of $354.8-million was a million short of estimates. A state that seemed more important to investors than the chain's 4-cent beat on earnings. Prior to this morning Fresh Market shares were up 13% year-to-date. As for Whole Foods, its stock has been up 12%.

Krispy Kreme (KKD) reports after the closing bell. This stock has been about the best thing 'round, up 128% year-to-date, and hitting a new 52-week high on Monday. In fact, the company has come recently come out of a slump that's lasted well over 5-years. The chain has been enjoying new success as it opens smaller stores which expand its reach into less populated areas. It has also been moving overseas to places like Russia and India-- where you have to wonder what the current crisis with the Rupee is doing. Krispy Kreme is expected to post healthy gains over last year: earnings of 16-cents a share, up from 12-cents on revenue that's risen to $111-million.