Campbell Soup Q4 Earnings Analysis and 2025 Outlook
Friday, 6 September 2024, 17:49
Campbell Soup Company (CPB) Q4 Earnings Performance
In Q4 2024, Campbell’s net sales grew 11% year-over-year, totaling $2.3 billion, buoyed by the Sovos Brands acquisition. Interest was reflected in the adjusted EPS, which increased 26% to $0.63.
Expectations for Fiscal Year 2025
Looking ahead, Campbell Soup anticipates net sales to increase by 9-11%, factoring in ongoing consumer recovery and the impact of divesting the Pop Secret popcorn business, which is projected to reduce net sales growth by approximately 1%.
Segment Performance Overview
- Meals & Beverages Segment: Sales jumped 28%, supported by newly acquired brands.
- Snacks Segment: Despite a 3% sales decline, investments in core brands like Goldfish are expected to drive future growth.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.