Campbell Soup(US:CPB)2024-12-04 14:51Financial Performance - Net sales increased by 10% year-over-year, reaching $2772 million in Q1 FY25, driven by the acquisition of Sovos Brands[11, 41] - Organic net sales decreased by 1% compared to the previous year[11, 42] - Adjusted EBIT increased by 6% year-over-year[11, 43] - Adjusted EPS decreased by 2% year-over-year to $089[11, 45] - The acquisition of Sovos Brands contributed +12 percentage points to net sales growth, while the divestiture of Pop Secret had a negative impact of -1 percentage point[48] Segment Results - Meals & Beverages net sales increased by 22% to $1706 million, with organic net sales up 0%[65, 66] - Snacks net sales decreased by 4% to $1066 million, with organic net sales down 2%[71, 72] Outlook - The company reaffirmed its FY25 guidance, projecting net sales growth of +9% to +11%[84] - Organic net sales are expected to grow by 0% to +2%[84] - Adjusted EBIT is projected to increase by +9% to +11%[84] - Adjusted EPS is expected to grow by +1% to +4%, reaching $312 to $322[84]