earnings
confidence high
sentiment neutral
materiality 0.75
Campbell Q4 net sales up 6% to $2.0B; adjusted EPS up 8%; provides FY23 guidance
CAMPBELL'S Co
2022-FY EPS reported
$2.51
revenue$8,562,000,000
- Q4 net sales $1.987B (+6% YoY); organic net sales +6%; adjusted EPS $0.56 (+8% vs $0.52 prior).
- Full-year net sales $8.562B (+1% as reported, +2% organic); adjusted EPS $2.85 vs $2.86 prior.
- FY23 guidance: organic net sales growth +4% to +6%; adjusted EPS $2.85-$2.95 (0% to +4%).
- $850M in cost savings achieved to date; on track for $1B by end of FY2025.
- Meals & Beverages Q4 operating earnings +18%; Snacks +3%; corporate expense $127M.