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Recap: Campbell Soup Q4 Earnings

Benzinga Insights
·1 min read

Shares of Campbell Soup (NYSE:CPB) moved higher by 0.3% in pre-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share rose 26.00% year over year to $0.63, which beat the estimate of $0.60.

Revenue of $2,108,000,000 higher by 4.15% year over year, which beat the estimate of $2,080,000,000.

Guidance

Campbell said it expects Q1 earnings of $0.88 to $0.92 per share and sales growth of 5%-7%.

Details Of The Call

Date: Sep 03, 2020

Time: 08:30 AM

View more earnings on CPB

ET Webcast URL: https://edge.media-server.com/mmc/p/n977bors

Price Action

Company's 52-week high was at $57.54

Company's 52-week low was at $40.70

Price action over last quarter: Up 8.63%

Company Profile

With a history that dates back around 150 years, Campbell Soup is now a leading global manufacturer and marketer of branded convenience food products, most notably soup. The firm's product assortment includes well-known brands like Campbell's, Pace, Prego, Swanson, V8, and Pepperidge Farm. Following the sale of its international snacking operations, the firm is poised to derive nearly all of its sales from its home turf. Campbell has made a handful of acquisitions to reshape its product mix the past few years, including the tie-up with Snyder's-Lance (completed in March 2018), which stands to enhance its exposure to the faster-growing on-trend snack food aisle, complementing its Pepperidge Farm lineup.

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