Wednesday, June 8, 2022

Campbell Soup Q3 Adj. Profit Rises, Organic Net Sales Up 9%; Reaffirms FY22 Adj. EPS Guidance

Campbell Soup Company (CPB) said the company had a strong recovery across the business in the third quarter with high-single-digit sales growth driven by sustained consumer demand for its brands and significantly improved supply. Looking forward, the company raised its fiscal 2022 net sales outlook reflecting strong year-to-date performance. However, the company reaffirmed prior adjusted EBIT and adjusted EPS guidance reflecting the on-going inflation-driven margin pressure.

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