Categories AlphaGraphs, Consumer, Earnings
CPB Earnings: Key quarterly highlights from Campbell Soup’s Q1 2024 financial results
Campbell Soup Company (NYSE: CPB) reported first quarter 2024 earnings results today.
Net sales decreased 2% year-over-year to $2.52 billion. Organic sales were down 1%.
Net earnings attributable to Campbell Soup Company declined 21% to $234 million, or $0.78 per share, compared to last year. Adjusted EPS decreased 11% to $0.91.
Earnings beat estimates while revenues came in line with expectations.
For the full year of 2024, net sales growth is expected to range between down 0.5% to up 1.5%. Organic net sales are expected to grow 0-2%. Adjusted EPS is expected to be $3.09-3.15.
The stock rose over 1% in premarket hours on Wednesday following the earnings announcement.
Prior performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Infographic: Key highlights from Macy’s (M) Q1 2024 earnings results
Macy’s, Inc. (NYSE: M) reported first quarter 2024 earnings results today. Net sales decreased 2.7% year-over-year to $4.8 billion. Comparable sales were down 1.2% on an owned basis and down
Here are a few reasons why Beyond Meat (BYND) appears to be beyond hope
Shares of Beyond Meat, Inc. (NASDAQ: BYND) rose over 1% on Monday. The stock has dropped 18% year-to-date. The company delivered disappointing results for the first quarter of 2024 and
Take-Two Interactive Software (TTWO): Key takeaways from the Q4 2024 earnings report
Shares of Take-Two Interactive Software, Inc. (NASDAQ: TTWO) stayed green on Friday. The stock has gained 7% over the past 12 months. The company reported its fourth quarter 2024 earnings
