CPB Stock Recent News

CNBC's Jim Cramer on Friday told investors which packaged food stocks might be good additions to their portfolios, especially if the economy is headed for a slowdown. He pinpointed Campbell Soup and J.M.

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Campbell Soup (CPB) tops earnings and revenue estimates and raises its FY24 guidance. Morningstar's Erin Lash and Runnymede Capital Management's Andrew Wang discuss Campbell Soup's earnings.

Boris Schlossberg, BK Asset Management managing director of FX strategy, joins 'Power Lunch' to discuss plays for three stocks, including Hewlett Packard, Campbell Soup, and Lululemon.

Campbell Soup (CPB) reported third-quarter revenue that beat analysts' estimates on the strength of its food and beverage sales, though the food giant's snack sales dropped as economic pressures affect consumers' habits.

Campbell Soup's (CPB) third-quarter fiscal 2024 results reflect gains from the Sovos Brands acquisition, supply chain productivity and cost savings, while organic sales remain flat year over year.

Campbell Soup Company (NYSE:CPB ) Q3 2024 Earnings Call Transcript June 5, 2024 8:00 AM ET Company Participants Rebecca Gardy - Chief IR Officer Mark Clouse - CEO Carrie Anderson - CFO Conference Call Participants Andrew Lazar - Barclays Jim Salera - Stephens David Palmer - Evercore ISI Peter Galbo - Bank of America Nik Modi - RBC Capital Markets Operator Greetings, ladies and gentlemen, and welcome to the Campbell Soup Company Third Quarter Fiscal 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

While the top- and bottom-line numbers for Campbell (CPB) give a sense of how the business performed in the quarter ended April 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Campbell Soup (CPB) came out with quarterly earnings of $0.75 per share, beating the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $0.68 per share a year ago.

Shares of Campbell Soup Co. CPB, -0.09% climbed 1.4% in premarket trading Wednesday, after the canned soup, foods and snacks company reported fiscal third-quarter profit and sales that beat expectations, as strength in meals and beverages offset weakness in snacks. Net income for the quarter to April 28 fell to $133 million, or 44 cents a share, from $160 million, or 53 cents a share, in the same period a year ago.