Campbell Soup Q1 2021 Earnings Report
Key Takeaways
Campbell Soup Company reported a strong start to fiscal 2021, with net sales increasing by 7% and organic net sales increasing by 8%. The company's Meals & Beverages division drove sales and margin growth, while the Snacks division delivered strong results and increased capacity in key power brands. The Board approved a 6% increase in the quarterly dividend.
Net Sales increased 7%; Organic Net Sales increased 8% reflecting continued elevated demand for Campbell's brands.
Earnings Before Interest and Taxes (EBIT) increased 45% to $461 million. Adjusted EBIT increased 18% to $463 million.
Earnings Per Share (EPS) from Continuing Operations of $1.02 increased 82%. Adjusted EPS of $1.02 increased 31%.
Increased quarterly dividend by 6% to $0.37 per share.
Campbell Soup
Campbell Soup
Campbell Soup Revenue by Segment
Forward Guidance
Based on our expectation of a continued elevated demand landscape and increased investment in our brands, the company is providing second-quarter fiscal 2021 guidance.
Positive Outlook
- Net Sales +5% to +7%
- Adjusted EBIT +5% to +7%
- Adjusted EPS +12% to +15%
- Adjusted EPS $0.81 to $0.83
Revenue & Expenses
Visualization of income flow from segment revenue to net income