Campbell Soup Company (CPB) is likely to register top and bottom-line growth when it reports fourth-quarter fiscal 2024 earnings on Aug. 29. The Zacks Consensus Estimate for revenues is pegged at $2.31 billion, which suggests an increase of 11.5% from the prior-year quarter's reported figure. The consensus mark for quarterly earnings has remained unchanged in the past 30 days at 62 cents per share. This indicates growth of 24% from the year-ago quarter's reported figure. CPB has a trailing four-quarter earn ...

Wall Street analysts forecast that Campbell Soup (CPB) will report quarterly earnings of $0.62 per share in its upcoming release, pointing to a year-over-year increase of 24%. It is anticipated that revenues will amount to $2.31 billion, exhibiting an increase of 11.5% compared to the year-ago quarter. Over the last 30 days, there has been a downward revision of 0.3% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration ...

clearstockconcepts/iStock Unreleased via Getty Images In January, I wrote an article about Campbell Soup Company (NYSE:CPB), focusing on the company's broad interests in food and snacks other than soup. Since that time, the company has risen in price almost 14%. Today, I want to revisit Campbell Soup's value at the higher price, and after they completed the acquisition of Sovos Brands in March for $23 per share. The deal cost about $2.7 billion, but gives Campbell Soup access to the valuable Rao's brand in ...

Food stocks got a big boost on Aug. 14 when the speculation privately held Mars was in serious negotiations to buy Kellanova (NYSE:K), the owners of Eggo, Cheez-It and many other food brands, turned into confirmation. Mars will pay $36 billion, or $83.50 a share, a 33% premium to Kellanova's Aug. 2 closing price, the day before Reuters first reported the potential tie-up. Kellanova stock is up more than 40% over the past month as a result. Last October, the former Kellogg Company was separated from its Nort ...

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Campbell Soup Company (CPB) has been demonstrating strong execution and strategic resilience amid a dynamic consumer environment. The company's Snacks division, anchored by robust power brands, remains strong despite temporary pressures. That said, the Meals and Beverages unit remains a vital growth catalyst. Robust Snacks Unit Though sales in the segment decreased year over year in the third quarter of fiscal 2024 due to declines in lower-margin partner brands, contract manufacturing and fresh bakery, the ...

Insider Trading Selling Shares Campbell Soup analyst ratings and price targets are at MarketBeat. Consensus price targets indicate 5.28% upside to $46.31. With a name like Campbell Soup Co., it would be easy to mistake the company for solely a soup maker. Campbell is an iconic name and brand, but it has diversified its portfolio of brands way beyond soup into two divisions: Meals & Beverages and Snacks. Sequential net sales growth and volume and mix improvements helped to drive double-digit growth in adjust ...

Core Insights - Campbell Soup (CPB) reported third-quarter revenue of $2.37 billion, a 6.3% increase year-over-year, surpassing analysts' estimates [2][5] - Diluted earnings per share (EPS) fell 17% to 44 cents, missing projections [2][3] - The acquisition of Sovos Brands contributed to revenue growth, while organic sales remained flat [3][4] Revenue Breakdown - Meal and beverage product sales increased by 14.8% to $1.27 billion [3] - Snack sales decreased by 2.1% to $1.1 billion due to economic pressures affecting consumer behavior [3][5] Acquisition Impact - The acquisition of Sovos Brands is expected to drive significant incremental growth, prompting the company to raise its full-year revenue growth estimate to 3% to 4% [4] - Adjusted EPS forecast was lowered to $3.07 to $3.10 from a previous range of $3.09 to $3.15 [4] Stock Performance - Shares of Campbell Soup were stable at $44.13, with a year-to-date gain of approximately 2% [5]

Campbell Soup Company (CPB) came out with third-quarter fiscal 2024 results, wherein the top and bottom lines increased year over year and beat their respective Zacks Consensus Estimate. While the top line gained from the recent acquisition of Sovos Brands (concluded in March 2024), the bottom line was driven by factors like enhanced supply-chain productivity and cost savings. Campbell Soup updated its guidance to include the impacts of its Sovos Brands acquisition and the anticipated performance of the bas ...

Campbell Soup Company (NYSE:CPB) Q3 2024 Earnings Call Transcript June 5, 2024 8:00 AM ET Company Participants Rebecca Gardy - Chief IR Officer Mark Clouse - CEO Carrie Anderson - CFO Conference Call Participants Andrew Lazar - Barclays Jim Salera - Stephens David Palmer - Evercore ISI Peter Galbo - Bank of America Nik Modi - RBC Capital Markets Operator Greetings, ladies and gentlemen, and welcome to the Campbell Soup Company Third Quarter Fiscal 2024 Earnings Conference Call. At this time, all participant ...