Campbell Soup (CPB) Tops Q4 EPS by 9c

Campbell Soup (NYSE: CPB) reported Q4 EPS of $0.50, $0.09 better than the analyst estimate of $0.41. Revenue for the quarter came in at $2.02 billion versus the consensus estimate of $1.97 billion.

Mark Clouse, Campbell’s President and CEO, stated, “Our strong fourth-quarter results culminated a year of steady, positive performance for Campbell. We delivered consistent results and met or exceeded expectations for four consecutive quarters this year. We made significant progress against our 2019 strategic initiatives, namely: improving our in-market performance; overdelivering our cost savings programs; strengthening our relationships with key retailers; focusing the portfolio on our two core businesses in North America; and, completing the divestiture of Campbell Fresh and announcing the divestiture of Campbell International. We have created a solid foundation to build upon in fiscal 2020.”

GUIDANCE:

Campbell Soup sees FY2020 EPS of $2.50-$2.55, versus the consensus of $2.54.

For earnings history and earnings-related data on Campbell Soup (CPB) click here.

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