Business
Campbell Reports Fourth-Quarter and Full-Year Fiscal 2020 Results
Fourth-quarter Net Sales increased 18%; Organic Net Sales increased 12% reflecting continued increased demand for our products Fourth-quarter Earnings Per
About this update from The Campbell's Company
[{"type":"text","content":"\n\nFourth-quarter Net Sales increased 18%; Organic Net Sales increased 12% reflecting continued increased demand for our products\n\n\nFourth-quarter Earnings Per Share (EPS) from Continuing Operations of $0.28 increased from a loss of $0.02; Adjusted EPS of $0.63 increased 50%\n\n\nFull-year Net Sales and Organic Net Sales increased 7% and EPS from Continuing Operations of $1.95 increased 24%; Adjusted EPS of $2.95 increased 28%\n\n\nGiven the uncertain operating environment due to the COVID-19 pandemic, the Company is providing guidance limited to the first quarter of fiscal 2021\n\n\n CAMDEN, N.J.--(BUSINESS WIRE)--\nCampbell Soup Company (NYSE:CPB) today reported results for its fourth-quarter and full-year fiscal 2020. Fiscal 2020 was a 53-week year, with the extra week falling in the fourth quarter. The benefit of the additional week in both the fourth-quarter and full-year results is estimated to be $0.04 per share.\n\n\n\n\nContinuing Operations\n\n\n \n\nThree Months Ended\n\n\n\n \n\n\n\nTwelve Months Ended\n\n\n\n\n\n($ in millions, except per share)\n\n\n \n\nAug. 2, 2020\n\n\n\n \n\n\n\nJul. 28, 2019\n\n\n\n \n\n\n\n%\n\n\nChange\n\n\n\n \n\n\n\nAug. 2, 2020\n\n\n\n \n\n\n\nJul. 28, 2019\n\n\n\n \n\n\n\n%\n\n\nChange\n\n\n\n\n\nNet Sales\n\n\n \n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nAs Reported (GAAP)\n\n\n \n\n$2,108\n\n\n\n \n\n\n\n$1,780\n\n\n\n \n\n\n\n \n\n\n\n18\n\n\n\n%\n\n\n\n \n\n\n\n$8,691\n\n\n\n \n\n\n\n$8,107\n\n\n\n \n\n\n\n7\n\n\n\n%\n\n\n\n\n\nOrganic\n\n\n \n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n12\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n7\n\n\n\n%\n\n\n\n\n\nEarnings Before Interest and Taxes (EBIT)\n\n\n \n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nAs Reported (GAAP)\n\n\n \n\n$167\n\n\n\n \n\n\n\n$83\n\n\n\n \n\n\n\n \n\n\n\n101\n\n\n\n%\n\n\n\n \n\n\n\n$1,107\n\n\n\n \n\n\n\n$979\n\n\n\n \n\n\n\n13\n\n\n\n%\n\n\n\n\n\nAdjusted\n\n\n \n\n$307\n\n\n\n \n\n\n\n$252\n\n\n\n \n\n\n\n \n\n\n\n22\n\n\n\n%\n\n\n\n \n\n\n\n$1,449\n\n\n\n \n\n\n\n$1,266\n\n\n\n \n\n\n\n14\n\n\n\n%\n\n\n\n\n\nDiluted Earnings Per Share\n\n\n \n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nAs Reported (GAAP)\n\n\n \n\...