Campbell Soup Company (NYSE: CPB) reported first quarter 2021 earnings results today.
Net sales rose 7% year-over-year to $2.34 billion, driven by strength in the Meals & Beverages and Snacks segments.
Net earnings attributable to Campbell Soup Company rose 86% to $309 million while EPS grew 82% to $1.02. Adjusted EPS increased 31% to $1.02.
For Q2 2021, Campbell expects net sales to increase 5-7% while adjusted EPS is estimated to grow 12-15% to $0.81-0.83.
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Shares of Campbell Soup Company (NYSE: CPB) were up 1% on Thursday. The stock has gained 30% year-to-date and 34% over the past 12 months. The food company started the