8-K
filed August 31, 2023, 7:59 PM ET
ticker CPB
CIK 0000016732
earnings
confidence high
sentiment neutral
materiality 0.70
Campbell Q4 net sales +4% to $2.1B; adj. EPS $0.50 (-11%); FY2024 adj. EPS guide $3.09-$3.15
CAMPBELL'S Co
2023-FY EPS reported
$2.85
revenue$9,357,000,000
- Q4 net sales $2,068M (+4% reported, +5% organic); adjusted EPS $0.50 (-11% YoY).
- Full-year FY2023 net sales $9,357M (+9% reported, +10% organic); adjusted EPS $3.00 (+5% YoY).
- FY2024 guidance: organic net sales growth 0%-2%, adjusted EPS $3.09-$3.15 (+3%-5%).
- Pending Sovos Brands acquisition expected to close by end of Dec 2023; not included in FY2024 guidance.
- Snacks segment Q4 operating earnings +12%; Meals & Beverages -18%.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
CAMPBELL'S Co reported the full-year fiscal 2023 ended July 30, 2023 results: revenue $9.4 billion, EPS $2.85. Guidance initiated.
- Period
- the full-year fiscal 2023 ended July 30, 2023
- Revenue
- $9.4 billion
- EPS
- $2.85
- Guidance
- initiated
- Result
- reported results
Exact text from the filing
Adjusted EBIT decreased 10% to $242 million. • Earnings Per Share (EPS) increased to $0.57. Adjusted EPS decreased 11% to $0.50. For the full year: • Net Sales increased to $9.4 billion. Organic Net Sales increased 10% . • EBIT increased to $1.3 billion. Adjusted EBIT increased 5% to $1.4 billion. • EPS increased to $2.85. Adjusted EPS increased 5% to $3.00. •
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
CAMPBELL'S Co reported the quarter ended July 30, 2023 results: revenue $2.1 billion, EPS $0.57.
- Period
- the quarter ended July 30, 2023
- Revenue
- $2.1 billion
- EPS
- $0.57
- Result
- reported results
Exact text from the filing
filing. --- EX-99.1 (EX-99.1) --- CAMPBELL REPORTS FOURTH-QUARTER FISCAL 2023 RESULTS PROVIDES FULL-YEAR FISCAL 2024 GUIDANCE For the fourth quarter: • Net Sales increased to $2.1 billion. Organic Net Sales increased 5%. • Earnings Before Interest and Taxes (EBIT) increased to $272 million. Adjusted EBIT decreased 10% to $242 million. • Earnings Per Share (EPS)
View on SEC.gov
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