Business
Campbell Reports Fourth-Quarter Fiscal 2022 Results Provides Full-year Fiscal 2023 Guidance
For the fourth quarter: Net Sales and Organic Net Sales increased 6% to $2.0 billion. Earnings Before Interest and Taxes (EBIT) decreased to $170 million.
About this update from The Campbell's Company
[{"type":"text","content":"\nFor the fourth quarter:\n\n\nNet Sales and Organic Net Sales increased 6% to $2.0 billion.\n\n\nEarnings Before Interest and Taxes (EBIT) decreased to $170 million. Adjusted EBIT increased 5% to $269 million.\n\n\nEarnings Per Share (EPS) from Continuing Operations decreased to $0.32. Adjusted EPS increased 8% to $0.56.\n\n\nFor the full year:\n\n\nNet Sales increased 1% and Organic Net Sales increased 2% to $8.6 billion.\n\n\nEBIT decreased to $1.2 billion. Adjusted EBIT decreased 4% to $1.3 billion.\n\n\nEPS from Continuing Operations of $2.51. Adjusted EPS of $2.85 compared to $2.86 in the prior year.\n\n\n CAMDEN, N.J.--(BUSINESS WIRE)--\nCampbell Soup Company (NYSE:CPB) today reported results for its fourth-quarter and full-year fiscal 2022.\n\n\n\nContinuing Operations\n\n\n\nThree Months Ended\n\n\n\n \n\n\n\nTwelve Months Ended\n\n\n\n\n\n($ in millions, except per share)\n\n\n\nJuly 31,\n2022\n\n\n\n \n\n\n\nAugust 1,\n2021\n\n\n\n \n\n\n\n% Change\n\n\n\n \n\n\n\nJuly 31,\n2022\n\n\n\n \n\n\n\nAugust 1,\n2021\n\n\n\n \n\n\n\n% Change\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\nAs Reported (GAAP)\n\n\n\n$1,987\n\n\n\n \n\n\n\n$1,873\n\n\n\n \n\n\n\n6%\n\n\n\n \n\n\n\n$8,562\n\n\n\n \n\n\n\n$8,476\n\n\n\n \n\n\n\n1%\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\n6%\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n2%\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\nAs Reported (GAAP)\n\n\n\n$170\n\n\n\n \n\n\n\n$411\n\n\n\n \n\n\n\n(59)%\n\n\n\n \n\n\n\n$1,163\n\n\n\n \n\n\n\n$1,545\n\n\n\n \n\n\n\n(25)%\n\n\n\n\n\nAdjusted\n\n\n\n$269\n\n\n\n \n\n\n\n$256\n\n\n\n \n\n\n\n5%\n\n\n\n \n\n\n\n$1,297\n\n\n\n \n\n\n\n$1,356\n\n\n\n \n\n\n\n(4)%\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\nAs Reported (GAAP)\n\n\n\n$0.32\n\n\n\n \n\n\n\n$0.95\n\n\n\n \n\n\n\n(66)%\n\n\n\n \n\n\n\n$2.51\n\n\n\n \n\n\n\n$3.30\n\n\n\n \n\n\n\n(24)%\n\n\n\n\n\nAdjusted\n\n\n\n$0.56\n\n\n\n \n\n\n\n$0.52\n\n\n\n \n\n\n\n8%\n\n\n\n \n\n\n\n$2.85\n\n\n\n \n\n\n\n$2.86\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...