CPB - Campbell Soup Delivers Q3 Growth And Cost Savings Stirs Up Optimistic Outlook | Benzinga
Campbell Soup Company (NYSE:CPB) reported third-quarter fiscal 2024 net sales growth of 6% year-over-year to $2.369 billion, beating the consensus of $2.353 billion.
Net sales from the Meals & Beverages segment increased 15% YoY, and the Snacks segment declined by 2%.
“We delivered a solid third quarter with sequential volume improvement, stable organic net sales, double-digit adjusted EBIT and adjusted EPS growth. We are excited about the integration of the Sovos Brands business, which already is bringing significant incremental growth to our company as we continue to navigate the pace of consumer recovery,” commented Campbell’s President and CEO, Mark Clouse.