Campbell Soup: EPS flat in Q2

(CercleFinance.com) - Campbell Soup reports stable adjusted EPS of $0.
80 for Q2 2023-24, while adjusted EBIT inched up 1% to $364m on revenues that slipped 1% to under $2.46bn (both gross and in organic terms).

We have again delivered on our commitments, with sequential improvement in volume momentum and year-on-year operating margin expansion in both our beverage and snack divisions, management said.

The food group confirms its target ranges for the current full year, including adjusted EPS of $3.09 to $3.15. These targets do not take into account the acquisition of Sovos Brands, which is expected to be completed next week.


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