Campbell Soup's Return On Capital Employed Insights
Portfolio Pulse from Benzinga Insights
Campbell Soup (NYSE:CPB) reported Q3 earnings of $160 million, a 31.03% increase from Q2, while sales dropped 10.3% to $2.23 billion. The company posted a return on capital employed (ROCE) of 0.04%, indicating effective capital allocation. Campbell Soup's Q3 earnings per share of $0.68 beat analyst predictions of $0.65.
June 08, 2023 | 2:45 pm
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Campbell Soup's Q3 earnings increased by 31.03% and its ROCE of 0.04% indicates effective capital allocation. The company's EPS of $0.68 beat analyst predictions.
Campbell Soup's Q3 earnings increased by 31.03% and its ROCE of 0.04% indicates effective capital allocation, which is a positive indicator for the company's future performance. The company's EPS of $0.68 beat analyst predictions, which could lead to increased investor confidence and a potential short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100