(Boursier.com) — Campbell’s Soup today raised its financial forecast, with the solid demand for soups and sauces, as well as a strengthened supply chain. For the 2023 financial year, the group now anticipates revenue growth ranging from 7 to 9%, against a previous guidance ranging from 4 to 6%. Adjusted earnings per share for the year are now expected between $2.9 and $3, compared to the previous guidance range of $2.85 to $2.95. For its first fiscal quarter of the shifted fiscal year, the group posted revenue growth of 15% to 2.58 billion dollars, compared to a consensus of 2.45 billion. Rising prices supported the accounts. Adjusted earnings per share also rose 15% to $1.02.
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