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Campbell's Q3 Earnings Top Estimates, Organic Sales Up on Volume Gains
ZACKS· 2025-06-02 16:01
Core Insights - The Campbell's Company (CPB) reported third-quarter fiscal 2025 results, with earnings and net sales exceeding Zacks Consensus Estimates, although quarterly earnings declined year over year while net sales increased [1][3] Financial Performance - Adjusted earnings were 73 cents, down 3% year over year, but beat the Zacks Consensus Estimate of 65 cents [3] - Net sales reached $2,475 million, a 4% increase year over year, surpassing the Zacks Consensus Estimate of $2,437.3 million, driven by the Sovos Brands acquisition [3] - Organic net sales rose 1%, primarily due to a 2% positive volume/mix impact, offset by planned lower net pricing [3] Profitability Metrics - Adjusted gross profit increased to $745 million from $740 million, while the adjusted gross profit margin declined by 110 basis points to 30.1% due to cost inflation and supply-chain expenses [4] - Adjusted marketing and selling expenses rose 5% to $207 million, while adjusted administrative expenses declined 4% to $150 million [5] - Adjusted EBIT increased 2% to $362 million [5] Segment Performance - Meals & Beverages segment net sales reached $1,463 million, up 15% year over year, with organic net sales growing 6% [6] - Snacks segment net sales totaled $1,012 million, down 8% year over year, with organic net sales down 5% primarily due to decreased sales of various snack products [7] Guidance and Outlook - Campbell's reaffirmed its full-year fiscal 2025 guidance, projecting net sales growth of 6-8% and adjusted EBIT growth of 3-5% [2][13] - Adjusted EPS is expected to decline 4-1%, ranging from $2.95 to $3.05 compared to $3.08 reported in fiscal 2024 [13] - The company estimates an additional headwind of three to five cents per share to its fiscal 2025 adjusted EPS due to current tariff actions [14]
Dentsply Sirona Stock Is Rallying The Most Since 2019 on Thursday – What's Driving It?
Benzinga· 2025-05-08 17:31
Dentsply Sirona Inc. XRAY stock surged about 15% Thursday, and was on track for the biggest single-day advance since 2019 after posting earnings that topped estimates.The company reported first-quarter 2025 adjusted earnings per share of 43 cents, beating the street view of 30 cents.Dentsply Sirona reported sales of $879 million on Thursday, beating the consensus of $854.75 million.First quarter net sales decreased 7.7% (organic sales decreased 4.4%) compared to the first quarter of 2024. Foreign currency c ...
Albemarle to Post Q1 Earnings: What's in the Offing for the Stock?
ZACKS· 2025-04-29 12:05
Albemarle Corporation (ALB) is slated to release first-quarter 2025 results after the closing bell on April 30.The company missed the Zacks Consensus Estimate for earnings in each of the trailing four quarters. In this timeframe, it delivered a negative earnings surprise of 160.2%, on average. It posted a negative earnings surprise of 122.5% in the last reported quarter. ALB is likely to have benefited from its cost and productivity actions in the first quarter amid headwinds from softer lithium market pric ...