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Consumer Goods | Processed & Packaged Goods | USA
Campbell Soup's stock surges over 5% after adjusted profit, sales beat expectations

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The company swung to a net loss of $59 million, or 20 cents a share, from earnings of $285 million, or 95 cents a share, in the same period a year ago. Excluding non-recurring items, such as an impairment charge related to its Campbell Fresh business, adjusted EPS fell to 77 cents from $1.00, but beat the FactSet consensus of 70 cents. Sales rose 24% to $2.71 billion, above the FactSet consensus of $2.66 billion, 

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https://www.marketwatch.com/story/campbe...latestnews

Campbell Soup Is Hot Because Stability Is the New Growth

Campbell Soup (ticker: CPB) closed up 10% on Wednesday after the company reported better-than-expected earnings per share.

Campbell earned 77 cents per share in its fiscal-year 2019 second quarter. Analysts predicted the company would earn 71 cents per share.

The stock has had a rough go of it lately, losing 2.6% annually for the past five years. That performance prompted activist investor Dan Loeb to get involved last year—a surprise to some analysts since Campbell is still controlled by family shareholders.

Loeb was successful in making board changes and getting a new CEO appointed. It’s too early to call the Campbell turnaround a success, but its stable results are enough to satisfy investors today.

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https://www.marketwatch.com/articles/cam...latestnews