06.12.2023 13:25:25 - dpa-AFX: Campbell Soup Co. Q1 Profit Decreases, but beats estimates
CAMDEN (dpa-AFX) - Campbell Soup Co. (CPB) announced earnings for first
quarter that decreased from the same period last year but beat the Street
estimates.
The company's bottom line came in at $234 million, or $0.78 per share. This
compares with $297 million, or $0.99 per share, in last year's first quarter.
Excluding items, Campbell Soup Co. reported adjusted earnings of $272 million or
$0.91 per share for the period.
Analysts on average had expected the company to earn $0.88 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter fell 2.3% to $2.52 billion from $2.58
billion last year.
Campbell Soup Co. earnings at a glance (GAAP) :
-Earnings (Q1): $234 Mln. vs. $297 Mln. last year.
-EPS (Q1): $0.78 vs. $0.99 last year.
-Analyst Estimates: $0.88
-Revenue (Q1): $2.52 Bln vs. $2.58 Bln last year.
-Guidance:
Full year EPS guidance: $3.09 to $3.15
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