Campbell (CPB) Q2 Earnings Preview: What You Should Know Beyond the Headline Estimates

Core Insights - Campbell's (CPB) is expected to report quarterly earnings of $0.73 per share, reflecting an 8.8% decline year-over-year, while revenues are forecasted to be $2.74 billion, indicating an 11.5% increase compared to the previous year [1] - Analysts have slightly revised the consensus EPS estimate upward by 0.1% over the past 30 days, suggesting a reappraisal of initial projections [1][2] Revenue and Earnings Estimates - 'Net Sales- Meals & Beverages' are projected to reach $1.71 billion, representing a year-over-year increase of 23.7% [4] - 'Net Sales- Snacks' are estimated at $1.03 billion, indicating a decline of 3.7% from the previous year [4] - 'Operating Earnings- Meals & Beverages' are expected to be $287.51 million, up from $247 million year-over-year [4] - 'Operating Earnings- Snacks' are forecasted to be $143.77 million, down from $161 million in the prior year [5] Market Performance - Over the past month, Campbell shares have gained 0.6%, contrasting with a decline of 2.4% in the Zacks S&P 500 composite [6] - Campbell holds a Zacks Rank 3 (Hold), indicating that its performance is likely to align with the overall market in the near term [6]