Campbell Soup's Mixed Bowl: Q4 Sales Miss, But Strong EPS And Cost Savings Shine
Portfolio Pulse from Akanksha Bakshi
Campbell Soup Company reported mixed Q4 results with net sales missing estimates but strong EPS and cost savings. Sales were $2.293 billion, below the $2.313 billion consensus, while EPS beat expectations at $0.63. The company achieved significant cost savings and expects continued growth in 2025.
August 29, 2024 | 12:40 pm
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Campbell Soup's Q4 results show mixed performance with sales missing estimates but EPS beating expectations. The company achieved significant cost savings and has a positive outlook for 2025, expecting net sales growth of 9% to 11%.
Campbell Soup's Q4 results were mixed, with sales slightly missing estimates but EPS beating expectations. The company's strong cost savings and positive outlook for 2025 provide a balanced view. The stock is trading slightly lower premarket, indicating a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100