Campbell Soup
The 10-second takeaway
For the quarter ended April 28 (Q3), Campbell Soup beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased. Non-GAAP earnings per share grew. GAAP earnings per share grew.
Margins dropped across the board.
Revenue details
Campbell Soup reported revenue of $2.09 billion. The 12 analysts polled by S&P Capital IQ wanted to see revenue of $2.05 billion on the same basis. GAAP reported sales were 15% higher than the prior-year quarter's $1.82 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.62. The 16 earnings estimates compiled by S&P Capital IQ predicted $0.56 per share. Non-GAAP EPS of $0.62 for Q3 were 11% higher than the prior-year quarter's $0.56 per share. GAAP EPS of $0.57 for Q3 were 3.6% higher than the prior-year quarter's $0.55 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 35.7%, 310 basis points worse than the prior-year quarter. Operating margin was 13.0%, 170 basis points worse than the prior-year quarter. Net margin was 8.6%, 110 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Looking ahead
Next quarter's average estimate for revenue is $1.83 billion. On the bottom line, the average EPS estimate is $0.42.
Next year's average estimate for revenue is $8.54 billion. The average EPS estimate is $2.57.
Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 495 members out of 549 rating the stock outperform, and 54 members rating it underperform. Among 186 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 175 give Campbell Soup a green thumbs-up, and 11 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 $40.86.
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