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Jan 26, 2020
Campbell Soup Q2 2020 Earnings Report
Delivered a high-quality quarter with organic sales, and adjusted gross margin, EBIT and earnings, growing in-line with or above expectations and successfully deleveraged in the quarter, resulting in a much-improved leverage ratio.
Key Takeaways
Campbell Soup Company reported its second-quarter results for fiscal 2020 with net sales comparable to the prior year and a 1% increase in organic net sales. The company raised its fiscal 2020 adjusted EPS guidance range to $2.55 - $2.60.
Campbell Raises Fiscal 2020 Adjusted Earnings Per Share (EPS) Guidance Range to $2.55 - $2.60
Net Sales were Comparable to Prior Year; Organic Net Sales Increased 1%
EPS from Continuing Operations of $0.56 Decreased 3% Primarily Reflecting Loss on Extinguishment of Debt; Adjusted EPS of $0.72 Increased 11%
Significant Reduction in Debt Levels Compared to Prior Year Following Successful Completion of Previously Announced Divestiture Plan
Revenue by Segment
Forward Guidance
Campbell now expects adjusted EPS to be in the range of $2.55 to $2.60 per share, reflecting lower adjusted net interest expense due to reduced debt and EBIT momentum through the first half, which will be partly offset by incremental investments in the business in the second half of the year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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