Campbell Soup Second Quarter 2024 Earnings: EPS Misses Expectations
Campbell Soup (NYSE:CPB) Second Quarter 2024 Results
Key Financial Results
Revenue: US$2.46b (down 1.2% from 2Q 2023).
Net income: US$203.0m (down 13% from 2Q 2023).
Profit margin: 8.3% (down from 9.3% in 2Q 2023).
EPS: US$0.68 (down from US$0.78 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Campbell Soup EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 12%.
Looking ahead, revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Food industry in the US.
Performance of the American Food industry.
The company's shares are down 1.9% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 1 warning sign for Campbell Soup that you should be aware of.
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