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
What to expect when Conagra Brands (CAG) reports its Q4 2024 earnings results
Shares of Conagra Brands, Inc. (NYSE: CAG) stayed green on Monday. The stock has dropped 4% over the past one month. The branded foods company is scheduled to report its
Earnings Preview: PepsiCo’s Q2 results likely to reflect brand power, innovation
While the business world struggles to come out from the grip of inflation, some sectors have managed to stay resilient and the beverage industry is one of them. PepsiCo, Inc.
After first-ever stock split, where’s Chipotle Mexican Grill headed?
Chipotle Mexican Grill, Inc. (NYSE: CMG) has long been a favorite brand among both diners and investors, as the restaurant chain serves quality food while consistently delivering sales and earnings
