Analyst Nik Modi from RBC Capital Markets has maintained a Sector Perform rating for Campbell's Co (CPB) but has reduced the price target from $51 to $44.
CPB's financial results for the second quarter show a 9% rise in net sales, mainly due to the acquisition of Sovos Brands. However, the company has reduced its forecasts for 2025.
The Campbell's Company (NASDAQ:CPB) will hold its Q2 2025 Earnings Conference Call on March 5, 2025, at 8:00 AM ET. Participants from the company include Rebecca Gardy, Mick Beekhuizen, and Carrie Anderson. The call will also feature analysts from various financial institutions, and it is being recorded.
Campbell's mentioned that it is currently hard to predict how tariffs will impact prices and sales.
Campbell's (CPB) reported quarterly earnings of $0.74 per share, which is higher than the Zacks Consensus Estimate of $0.73 per share. This is a decrease compared to earnings of $0.80 per share from the same period last year.
Campbell (CPB) has a strong track record of surprising with its earnings and currently has the right mix of factors that suggest it may exceed expectations in its upcoming quarterly report.
To better understand how Campbell (CPB) might perform in the quarter ending January 2025, look past Wall Street's basic revenue and profit predictions. Instead, focus on the forecasts for some of its important metrics. This will give you a clearer picture of the company's potential performance.
CPB's results for the second quarter are expected to show positive outcomes from the strong Meals & Beverages segment, but there are worries about the weaker performance in the Snacks division.
CAMDEN, N.J.--(BUSINESS WIRE)--The Board of Directors of The Campbell's Company (NASDAQ:CPB) has announced a regular quarterly dividend of $0.39 per share. This dividend will be paid on April 28, 2025, to shareholders who are on record as of April 3, 2025. The Campbell's Company has been bringing people together through their favorite foods for 155 years and is based in Camden, N.J.
Campbell's Company has a wide range of products and steady demand, which provides some stability even though their share prices have recently dropped and they face competition. The purchase of Sovos Brands is expected to boost growth, but the company's high debt and interest costs could affect their earnings per share. However, the forecast for fiscal 2025 looks good, with anticipated net sales growth of 9%-11% and an adjusted EPS rise of 1%-4%, mainly due to Sovos products.