Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Campbell Soup    CPB

CAMPBELL SOUP (CPB)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Campbell Soup : misses profit, sales estimates; trims sales forecast

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/19/2017 | 04:30pm CET
FILE PHOTO: Cans of Campbell's brand Chunky soups are seen at the Safeway store in Wheaton Maryland

(Reuters) - Campbell Soup Co's quarterly sales and profit missed analysts' estimates, hurt by higher promotions and weak demand for its condensed soups, broths and V8 vegetable juices, and the company warned that its full-year sales could decline.

Shares of the company, which also sells Pepperidge Farm snacks and Prego pasta sauce, fell as much as 5 percent to $54.16 in morning trade on Friday.

Campbell Soup, like other processed packaged food makers, has been vulnerable to changing consumer tastes toward fresher and healthier foods.

To cater to those new tastes, Campbell Soup created its own fresh-food unit in 2015 to sell carrots, carrot ingredients, refrigerated beverages and salad dressings, but the business has been struggling.

A premature harvest that led to smaller carrots last year, resulted in market share losses while a recall of protein shakes further added to its troubles.

Sales in the unit, which contributes 14 percent to total revenue, fell 6 percent in the third quarter ended April 30, hurt in part by manufacturing constraints related to the recall.

"We experienced significantly lower consumption across almost all of our categories... we felt it most acutely in February," Campbell Soup Chief Executive Denise Morrison said on a post-earnings call.

Sales in its Americas simple meals and beverages unit, the company's largest by revenue, dipped 2 percent in the quarter.

Weak demand for condensed soups and broths as well as V8 vegetable juices, contributed to the decline.

"While trends improved as the quarter progressed, growth in March and April was insufficient to offset the earlier weakness," Morrison said.

Net sales fell nearly 1 percent to $1.85 billion, missing analysts' average estimate of $1.87 billion, according to Thomson Reuters I/B/E/S.

The company said it expects its full-year sales to be flat to down 1 percent compared with its prior forecast of flat to up 1 percent.

Campbell Soup, however, raised its adjusted profit forecast for the year to $3.04-$3.09 per share from $3.00-$3.09 per share.

Excluding certain items, Campbell Soup earned 59 cents per share in the quarter, missing analysts' average estimate of 64 cents.

Net income attributable to the company fell to $176 million, or 58 cents per share, partly due to a pretax charge related to its cost-saving program.

The company earned $185 million, or 59 cents per share, a year earlier.

(Reporting by Gayathree Ganesan in Bengaluru; Editing by Martina D'Couto)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CAMPBELL SOUP
02/19CAMPBELL SOUP : Incentives OK’d for Campbell expansion Incentives OK&rsquo..
AQ
02/19CAMPBELL SOUP : Incentives OK’s for Campbell expansion Incentives OK&rsquo..
AQ
02/18CAMPBELL SOUP : beats Street 2Q forecasts, but soup sales decline
AQ
02/17CAMPBELL SOUP : Another bad quarter for Campbell Soup Co.
AQ
02/16Kraft Heinz sees hit from rising competition, supply constraints
RE
02/16CAMPBELL SOUP (NYSE : CPB) reported earnings of $1.00 per share beating Walls St..
AQ
02/16CAMPBELL SOUP : organic sales fall as customer dispute continues
RE
02/16CAMPBELL SOUP CO : Results of Operations and Financial Condition (form 8-K)
AQ
02/16CAMPBELL SOUP : beats Street 2Q forecasts but soup sales decline
AQ
02/16CAMPBELL SOUP : Company to Host Earnings Call
AC
More news
News from SeekingAlpha
02/19THE IM-CAPITAL STRENGTH 20-STOCK UNI : Update February 2018 
02/18Tracking George Soros's Portfolio - Q4 2017 Update 
02/16Campbell Soup's (CPB) CEO Denise Morrison on Q2 2018 Results - Earnings Call .. 
02/16Campbell Soup Company 2018 Q2 - Results - Earnings Call Slides 
02/16More on Campbell Soup's Q2 
Financials ($)
Sales 2018 7 880 M
EBIT 2018 1 411 M
Net income 2018 903 M
Debt 2018 4 082 M
Yield 2018 3,13%
P/E ratio 2018 15,95
P/E ratio 2019 14,94
EV / Sales 2018 2,28x
EV / Sales 2019 2,11x
Capitalization 13 879 M
Chart CAMPBELL SOUP
Duration : Period :
Campbell Soup Technical Analysis Chart | CPB | US1344291091 | 4-Traders
Technical analysis trends CAMPBELL SOUP
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 15
Average target price 48,6 $
Spread / Average Target 5,2%
EPS Revisions
Managers
NameTitle
Denise M. Morrison President, Chief Executive Officer & Director
Les C. Vinney Chairman
Anthony P. DiSilvestro Chief Financial Officer & Senior Vice President
Francisco Fraga Chief Technology & Information Officer, VP
Bennett Dorrance Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
CAMPBELL SOUP-2.39%13 879
NESTLÉ-9.67%250 201
THE KRAFT HEINZ COMPANY-6.49%86 268
MONDELEZ INTERNATIONAL0.37%65 651
DANONE-8.33%53 442
GENERAL MILLS-5.50%32 111