Campbell Soup: stability of EPS in the 2nd quarter


(CercleFinance.com) – Campbell Soup publishes for its second quarter 2023-24, adjusted EPS stable at $0.80, as well as adjusted EBIT up 1% to 364 million and revenues down 1 % less than $2.46 billion (both raw and organic).

‘We have once again met our commitments, with a sequential improvement in volume dynamics and an expansion in operating margin year-on-year, both in our meal-drinks and snacks divisions,’ comments its CEO Mark Clouse.

The agri-food group confirms its target ranges for the entire current financial year, including adjusted EPS between $3.09 and $3.15, objectives not taking into account the acquisition of Sovos Brands, the completion of which it is awaiting. next week.

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