secwatch.observer — SEC 8-K summary
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Issuer:     CAMPBELL'S Co (CPB)
CIK:        0000016732
Form:       8-K
Filed at:   2023-12-06T23:59:59+00:00
Accession:  0000016732-23-000174
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Campbell Q1 net sales down 2%; adjusted EPS $0.91 vs $1.02 prior year; reaffirms FY24 guidance
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- Net sales $2.518B (-2% reported, -1% organic); adjusted EBIT $407M (-9%).
- Adjusted EPS $0.91 (-11%); GAAP EPS $0.78 (-21%).
- Reaffirms FY24 guidance: net sales -0.5% to +1.5%, adj EPS $3.09-$3.15.
- Sovos Brands acquisition expected to close calendar 2024; not in FY24 outlook.
- Meals & Beverages segment sales -4%; Snacks organic +1% driven by power brands.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/16732/000001673223000174/0000016732-23-000174-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/16732/000001673223000174/cpb-20231206.htm
  HTML page:      https://secwatch.observer/filing/0000016732-23-000174

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