secwatch.observer — SEC 8-K summary
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Issuer:     CAMPBELL'S Co (CPB)
CIK:        0000016732
Form:       8-K
Filed at:   2024-03-06T23:59:59+00:00
Accession:  0000016732-24-000038
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Campbell Soup Q2 adj EPS $0.80 flat YoY; reaffirms FY24 outlook; Sovos deal close expected mid-March
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- Net sales $2.456B (-1% reported and organic); GAAP EPS $0.68 vs $0.77 prior year.
- Adjusted EBIT $364M (+1%); adjusted EPS $0.80 comparable to prior year; margin expansion in both segments.
- Meals & Beverages sales -2% (declines in U.S. soup, beverages); Snacks flat (organic +1%, power brands +4%).
- Reaffirms FY2024 guidance: net sales -0.5% to +1.5%, adj EPS $3.09-$3.15.
- Expects to complete Sovos Brands acquisition week of March 11, 2024; not included in FY guidance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/16732/000001673224000038/0000016732-24-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/16732/000001673224000038/cpb-20240306.htm
  HTML page:      https://secwatch.observer/filing/0000016732-24-000038

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