Campbell Soup Company ($CPB) Earnings (Q2 FY22)

 Campbell Soup Company ($CPB) Earnings and Opinion:


Campbell Soup Company ($CPB) is a company in the Consumer Defensive sector and operates in the Packaged Foods industry. The company manufactures and markets food and beverage products in the United States and Internationally. Campbell Soup Company was founded in 1869 and is currently headquartered in Camden, New Jersey. The company has been traded on the stock market since 1984. 

Campbell Soup Company EPS and Revenue (Q2 FY22):

  • EPS of $0.70 beating expectations of $0.68
  • Revenue of $2.2B equivalent to expectations of $2.2B
  • EPS was down 15.85% (YOY) and Revenue was down 3.07% (YOY)
Campbell Soup Company Q2 Extra Notes:
  • EPS was down due to industry-wide inflation as well as supply constraints.
  • Second-half of the year performance is expected to improve as supply and labor conditions improve.
  • Financial outlook for FY22 was reaffirmed
Opinion:
Campbell Soup Company is currently trading slightly up during todays session after reporting earnings before the market opened. Sales and EPS saw declines on the year-over-year basis, but this was claimed to be from supply constraints and labor constraints. The financial outlook for the rest of the fiscal year shows for a slight decline in sales and a slight decline in Adjusted EPS. Although they are going through some supply constraints, I expect them to improve as everything starts to get situated in the global economy. This shouldn't stray you away from the fact that this is a solid company. It has been around forever and continues to produce decent numbers. They also pay a dividend which could attract investors looking for income from stocks. I am personally going to pass up on this opportunity and buy better companies in this sector, but if you are a fan of this company, it wouldn't be a bad idea you to take a position here.


*Information from Yahoo Finance and Campbells
*Estimates from Zacks

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