secwatch.observer — SEC 8-K summary
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Issuer:     CAMPBELL'S Co (CPB)
CIK:        0000016732
Form:       8-K/A
Filed at:   2024-08-29T23:59:59+00:00
Accession:  0000016732-24-000124
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/16732/000001673224000124/0000016732-24-000124-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/16732/000001673224000124/cpb-20240829.htm
  HTML page:      https://secwatch.observer/filing/0000016732-24-000124

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