Campbell Soup: Q4 EPS down 11%

(CercleFinance.com) - Campbell Soup has reported Q4 2022-23 adjusted EPS that is down 11% at $0.
50, as well as adjusted EBIT that fell 10% to $242m, despite revenue growth of 4% to $2.07bn (+5% in organic terms). NB: pmt +0.8%.

The food group posted FY adjusted EPS and adjusted EBIT that rose 5% to $3 and $1.37bn respectively, on revenues that increased 9% to $9.36bn (+10% in organic terms).

For the year ahead, Campbell targets adjusted EPS of $3.09 to $3.15, adjusted EBIT growth of 3% to 5%, and revenue growth of -0.5% to +1.5% (0 to +2% in organic terms).


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