Campbell Soup Company (NYSE: CPB) reported third quarter 2022 earnings results today.
Net sales increased 7% year-over-year to $2.1 billion. Organic sales growth was 9%.
Net earnings attributable to Campbell Soup Company was $188 million, or $0.62 per share, compared to $160 million, or $0.52 per share, in the year-ago period. Adjusted EPS rose 37% to $0.70.
For the full year of 2022, Campbell expects net sales growth to range between flat to up 1% on a reported basis and up 1-2% on an organic basis. Adjusted EPS is expected to be $2.75-2.85.