Campbell Q4 GAAP EPS -$0.01; adj. EPS $0.63 (+26%); FY2025 guide adj. EPS $3.12-$3.22

CAMPBELL'S Co

2024-FY EPS reported $1.89 revenue$9,636,000,000

Q4 net sales $2.3B (+11% reported, -1% organic); adj. EBIT $329M (+36%); GAAP EBIT $77M includes $129M impairment on Pop Secret/Allied.
FY2024 GAAP EPS $1.89 (down 34%); adj. EPS $3.08 (+3%); returned $512M to shareholders ($445M dividends).
FY2025 guidance: net sales +9-11% (incl. Sovos full yr, Pop Secret divest); adj. EPS $3.12-$3.22 (+1-4%).
Sovos Brands integration ahead of expectations; Pop Secret divested Aug 26; cost savings $950M of $1B.
Meals & Beverages Q4 sales +28% (acq); Snacks -3% organic; Soup volumes improved sequentially.

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