Campbell Soup: Q4 EPS up 26%

(CercleFinance.com) - Campbell Soup has reported a 26% rise in adjusted EPS to $0.
63 for Q4 2023-24, as well as a 36% increase in adjusted EBIT to $329m and 11% growth in revenues to $2.29bn. NB pmt -0.7%.

This increase in the food group's sales essentially reflects the acquisition of Sovos Brand, which was completed in March: organic sales were down 1% y-o-y.

With adjusted EPS of $3.08 and revenue growth of 3% (-1% organic), Campbell Soup expects adjusted EPS to rise by 1%-4% and revenue growth of 9%-11% (0-2% organic) for 2024-25.


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