Campbell corrects FY2025 guidance: 53rd week benefit applies to reported, not organic, net sales; Q4 adj. EPS +26%

CAMPBELL'S Co

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

Corrected FY2025 guidance: 53rd week worth ~2 points to reported net sales & adj. EBIT, $0.06 adj. EPS; organic net sales guidance unchanged.
Q4 FY2024: Net sales $2.293B (+11% reported, -1% organic); adj. EPS $0.63 (+26%); reported EPS loss $(0.01) due to $129M impairment.
Full-year FY2024: Net sales $9.636B (+3% reported, -1% organic); adj. EPS $3.08 (+3%); reported EPS $1.89 (-34%).
FY2025 guidance: Net sales growth +9% to +11%, organic flat to +2%; adj. EPS $3.12-$3.22 (+1% to +4%).
Pop Secret divestiture closed Aug 26; expected to reduce net sales growth ~1% and dilute adj. EPS $0.04 in FY2025.

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