Campbell Q2 net sales +12% to $2.485B; adj EPS $0.80 beats; raises FY guidance

CAMPBELL'S Co

2023-Q2 EPS reported $1.76 revenue$5,060,000,000

Adjusted EPS $0.80 (+16% YoY) on net sales $2.485B (+12% reported, +13% organic).
Meals & Beverages sales +10%; Snacks sales +15% (power brands up 20%).
Raises FY2023 guidance: net sales +8.5-10%, adj EPS $2.95-$3.00 (prev $2.90-$3.00).
Adjusted EBIT up 14% to $362M; cost savings program on track for $1B by FY2025.
Cash dividends $226M, share repurchases $66M in H1; $375M left on $500M buyback.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CAMPBELL'S Co reported quarter ended January 29, 2023 results: EPS $0.77. Guidance raised.

Period: quarter ended January 29, 2023
EPS: $0.77
Guidance: raised
Result: reported results

Exact text from the filing

On March 8, 2023, Campbell Soup Company issued a press release announcing financial results for the quarter ended January 29, 2023

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CAMPBELL'S Co updated its fiscal 2023 guidance (raised).

Period: fiscal 2023
Guidance: raised
Result: reported results

Exact text from the filing

Raises full-year fiscal 2023 net sales guidance and raises the midpoint of adjusted EBIT and adjusted EPS guidance range

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CAMPBELL'S Co filing history →

Source: SEC EDGAR

accession 0000016732-23-000036

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