2023-03-08 07:24:13 ET
- Campbell Soup press release ( NYSE: CPB ): Q2 Non-GAAP EPS of $0.80 beats by $0.06 .
- Revenue of $2.48B (+12.2% Y/Y) beats by $50M .
- Adjusted EBIT increased 14% to $362M.
- Raises full-year fiscal 2023 net sales guidance to +8.5% to +10% ; organic net sale of +8.5% to +10% and raises the midpoint of adjusted EBIT to +4.5% to +6.5% and adjusted EPS guidance range to $2.95 to $3.00 vs $3.15 consensus reflecting the continued strength of the company's performance.
- Fiscal year 2023 pre-tax pension and post-retirement benefit income is now expected to be lower by approximately $45 million, or $0.12 per share, compared to the prior year. This represents approximately 3.5% of adjusted EBIT growth and approximately 4% of adjusted EPS growth, a 50-basis point increase from previous estimates as a result of interim remeasurements.
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Campbell Soup beats Q4 top and bottom line estimates; raises FY23 outlook