Campbell Reaffirms FY23 Guidance, Sees Net Sales Growth Of 8.5%-10%; Adjusted EPS Of $2.95-$3.00 Vs. $3.01 Estimate
Portfolio Pulse from Benzinga Newsdesk
Campbell Soup Company reaffirms its FY23 guidance, projecting net sales growth of 8.5%-10% and adjusted EPS of $2.95-$3.00, slightly below the $3.01 estimate.
June 07, 2023 | 11:23 am
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Campbell Soup Company's reaffirmed FY23 guidance projects net sales growth of 8.5%-10% and adjusted EPS of $2.95-$3.00, slightly below the $3.01 estimate.
Campbell Soup Company's reaffirmed FY23 guidance is mostly in line with expectations, with a slight miss on the adjusted EPS estimate. This news is directly related to CPB and is important for investors, but the impact on the stock price is likely to be neutral in the short term as the guidance is mostly in line with expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100