— Campbell Soup Company (NYSE: CPB) reported adjusted earnings of $0.78 per share for the first quarter of 2020, vs. $0.71 per share expected.
— Unadjusted profit, before interest and tax, dropped to $317 million from $326 million last year
— Net earnings attributable to the company was $166 million or $0.55 per share, compared to $194 million or $0.64 per share in the first quarter of 2019
— Net sales declined 1% annually to $2.18 billion, vs. $2.19 billion expected; organic sales were down 1%
— Gross margin increased to 33.8% from 33.0%; marketing and selling expenses decreased 2% to $206 million
— Expects net sales to be -1% to +1% in fiscal 2020, which is down from the earlier estimate
— Expects full-year organic sales to be -1% to +1%; maintains full-year adjusted earnings guidance in the range of $2.50 per share to $2.55 per share
Most Popular
After mixed Q2, what awaits Apple (AAPL) in the second half?
Apple’s (NASDAQ: AAPL) stock rallied this week after the gadget giant reported stronger-than-expected Q2 results and announced the largest-ever share buyback program. The company is investing heavily in the business,
What to expect when Tyson Foods (TSN) reports Q2 2024 earnings results
Shares of Tyson Foods, Inc. (NYSE: TSN) stayed green on Friday. The stock has gained 8% over the past three months. The branded foods company is slated to report its
EXPE Earnings: Expedia reports adj. profit for Q1; revenue rises 8%
Expedia Group (NASDAQ: EXPE) has reported an increase in revenues for the first quarter of 2024. The travel company turned to net profit in Q1, on an adjusted basis, from
