Campbell Soup Company Reports Mixed Q4 Results
NEW YORK – Campbell Soup Company (NYSE:CPB) reported mixed fourth quarter results and provided full-year guidance that fell short of analyst expectations, causing shares to drop nearly 2% in premarket trading.
The food products maker posted adjusted earnings per share of $0.63 for the quarter, slightly surpassing the analyst consensus of $0.62. Revenue increased 11% year-over-year to $2.3 billion, which was just below estimates of $2.32 billion.
Organic net sales decreased 1% in Q4, with net price realization down 2%, partially offset by a 1% increase in favorable volume/mix. The company indicated that volume/mix improved sequentially from the third quarter.
For fiscal 2025, Campbell forecasts adjusted earnings per share between $3.12 and $3.22, falling short of the $3.23 Wall Street forecast. The company anticipates organic net sales growth of 0% to 2% for the year.
“We finished fiscal 2024 with solid fourth-quarter performance including sequential volume improvement and margin expansion versus prior year,” stated Campbell’s President and CEO Mark Clouse.
The company mentioned that its fiscal 2025 forecast reflects “a balance between sequential progress and pragmatism” as it navigates an ongoing consumer recovery. Campbell noted that the upper end of its guidance assumes a quicker normalization of consumer trends, while the lower end accounts for a more conservative pace.
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