Categories AlphaGraphs, Consumer, Earnings

Infographic: Key highlights of Campbell Soup (CPB) Q3 2020 earnings results

Campbell Soup Company (NYSE: CPB) reported its financial results for the quarter ended April 26, 2020, on Wednesday before the market opens. The results exceeded analysts’ expectations. The company lifted its guidance for fiscal 2020.

Campbell Soup (CPB) Q3 2020 earnings

The bottom line jumped by 34% for the third quarter of fiscal 2020 as increased demand for its products drove the top-line higher by 15%. In the quarter, the company experienced unprecedented broad-based demand across its brands as consumers sought food that delivered comfort, quality, and value.

The company lifted its fiscal 2020 outlook for net sales and adjusted EPS as a result of its performance in Q3, which was significantly impacted by the increase in demand of its products amidst the COVID-19 pandemic and its current outlook for continued demand for its products.

The net sales outlook for 2020 is now expected to grow by 5.5-6.5% compared to the previous estimate of down 1% to up 1%. The adjusted earnings guidance is lifted to the range of $2.87-2.92 per share from the prior range of $2.55-2.60 per share for fiscal 2020.

Past Performance

Most Popular

Netflix (NFLX): Four reasons why this leader will not be easy to overthrow

Netflix (NASDAQ: NFLX) has for long been the undisputed king of the streaming space. The streaming industry is seeing massive growth with several new players entering the field. It also

Fastenal (FAST) sees strong post-COVID prospects: Is the stock a buy?

The demand for services that involve minimal human interaction is on the rise as people continue to practice social distancing. Fastenal Co. (NASDAQ: FAST), a market-leading supplier of vending machines,

HEXO Corp. (HEXO) Earnings: 3Q21 Key Numbers

HEXO Corp. (NYSE: HEXO) reported its third-quarter 2021 earnings results today. Net revenue rose 2% year-over-year to CAD22.6 million. Net loss narrowed to CAD20.7 million from a loss of CAD19.5

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top