The Campbell’s Company (NASDAQ:CPB) posted better-than-expected earnings for the fourth quarter on Wednesday.
The company reported fourth-quarter sales growth of 1% year-over-year (Y/Y) to $2.32 billion, slightly missing the analyst consensus estimate of $2.33 billion. Adjusted EPS of 62 cents beat the consensus estimate of 56 cents.
Campbell expects full-year sales between $10.035 billion and $10.240 billion, representing a decline of 2% to flat growth. The company projects adjusted EBIT to fall 9% to 13%, with adjusted earnings per share forecast in the range of $2.40 to $2.55.
Campbell’s CEO Mick Beekhuizen said, “Meals & Beverages …