Campbell Soup Company (NASDAQ: CPB) reported its fourth quarter 2024 earnings results today. Net sales increased 11% to $2.3 billion compared to the year-ago quarter. Organic net sales decreased 1%. Net loss attributable to Campbell Soup Company was $3 million, or $0.01 per share, compared to net income of $169 million, or $0.57 per […]
“Campbell Soup Company (NASDAQ: CPB) reported its fourth quarter 2024 earnings results today. Net sales increased 11% to $2.3 billion compared to the year-ago quarter. Organic net sales decreased 1%. Net loss attributable to Campbell Soup Company was $3 million, or $0.01 per share, compared to net income of $169 million, or $0.57 per […]
· August 29, 2024
Campbell Soup Company (NASDAQ: CPB) reported its fourth quarter 2024 earnings results today.
Net sales increased 11% to $2.3 billion compared to the year-ago quarter. Organic net sales decreased 1%.
Net loss attributable to Campbell Soup Company was $3 million, or $0.01 per share, compared to net income of $169 million, or $0.57 per share, last year. Adjusted EPS increased 26% to $0.63.
Earnings beat estimates while sales fell short of expectations.
For fiscal year 2025, the company expects net sales growth of 9-11% and organic sales growth of 0-2%. Adjusted EPS is expected to grow 1-4%.
The stock was down over 1% in premarket hours on Thursday.
