Campbell Soup Company (NYSE: CPB) reported third quarter 2024 earnings results today.
Net sales increased 6% year-over-year to $2.36 billion. Organic sales remained flat.
Net earnings attributable to Campbell Soup Company were $133 million compared to $160 million in the same period last year.
GAAP EPS fell 17% to $0.44 while adjusted EPS rose 10% to $0.75 compared to last year.
Revenue and earnings beat expectations, sending the stock rising over 1% in premarket hours on Wednesday.
Campbell expects net sales growth of 3-4% for the full year of 2024. Adjusted EPS is expected to be $3.07-3.10.