secwatch.observer — SEC 8-K summary
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Issuer:     CAMPBELL'S Co (CPB)
CIK:        0000016732
Form:       8-K
Filed at:   2023-03-08T23:59:59+00:00
Accession:  0000016732-23-000036
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/16732/000001673223000036/0000016732-23-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/16732/000001673223000036/cpb-20230308.htm
  HTML page:      https://secwatch.observer/filing/0000016732-23-000036

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer