The 10-second takeaway
For the quarter ended July 29 (Q4), Campbell Soup beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue was unchanged and GAAP earnings per share grew significantly.
Gross margins contracted, operating margins expanded, net margins expanded.
Campbell Soup reported revenue of $1.61 billion. The 10 analysts polled by S&P Capital IQ anticipated sales of $1.59 billion on the same basis. GAAP reported sales were 0.4% higher than the prior-year quarter's $1.61 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.41. The 17 earnings estimates compiled by S&P Capital IQ averaged $0.38 per share. GAAP EPS of $0.40 for Q4 were 33% higher than the prior-year quarter's $0.30 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 38.5%, 130 basis points worse than the prior-year quarter. Operating margin was 12.6%, 360 basis points better than the prior-year quarter. Net margin was 7.9%, 170 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $2.35 billion. On the bottom line, the average EPS estimate is $0.86.
Next year's average estimate for revenue is $8.52 billion. The average EPS estimate is $2.53.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 504 members out of 563 rating the stock outperform, and 59 members rating it underperform. Among 165 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 155 give Campbell Soup a green thumbs-up, and 10 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Campbell Soup is hold, with an average price target of $33.31.
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