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Jul 31, 2022
Campbell Soup Q4 2022 Earnings Report
Reported a 6% increase in net sales and an 8% increase in adjusted EPS.
Key Takeaways
Campbell Soup Company reported a 6% increase in net sales to $2.0 billion and an 8% increase in adjusted EPS to $0.56 for the fourth quarter of fiscal year 2022. The company's performance was driven by inflation-driven pricing and sales allowances, which offset volume declines and increased promotional spending.
Net sales and organic net sales increased 6% to $2.0 billion.
Adjusted EBIT increased 5% to $269 million.
Adjusted EPS increased 8% to $0.56.
Company achieved $850 million of total savings under its multi-year cost savings program.
Revenue by Segment
Forward Guidance
Campbell is providing full-year fiscal 2023 guidance reflecting the expectation for continued elevated consumer demand for its brand portfolio.
Positive Outlook
- Expects continued elevated consumer demand for its brand portfolio.
- Sales growth expected in both divisions.
- Improved supply chain execution expected.
- Disciplined investment in its brands to drive further share recovery.
- Productivity improvements and cost savings initiatives will continue to play an important role in mitigating inflation.
Challenges Ahead
- Elasticities expected to be slightly above fiscal 2022 levels.
- Inflation is expected to remain elevated.
- Pension and postretirement income to decline in fiscal 2023.
- Estimated pre-tax headwind of approximately $35 million related to lower pension and postretirement benefit income.
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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