Campbell's Q1 revenue falls 4.4% as shelf-stable food stocks post mixed results

Earnings
โดย Yahoo Finance·Read original
Summary · why it matters

Campbell's reported first-quarter revenues of $2.37 billion, down 4.4% year on year and slightly below analyst expectations. The broader shelf-stable food industry, comprising 17 tracked stocks, delivered mixed results with revenues in line with consensus but next-quarter guidance 11.6% below estimates. Among peers, Hershey stood out with revenues of $3.10 billion, up 10.6% and beating expectations, while BellRing Brands was the weakest performer with revenues of $598.7 million, up only 1.8% and missing estimates. Utz and McCormick also reported, with McCormick achieving the fastest revenue growth among peers at 16.7%.

Impact on stocks 5

Consumer Staples± Mixed · 5 stocks
Campbell’s Co
CPB
▼ NegativeDemandrelevance

Campbell's revenue fell 4.4% year on year, below analyst expectations.

Bellring Brands LLC
BRBR
▼ NegativeDemandrelevance

BellRing Brands revenues up only 1.8%, missing estimates, indicating weak demand.

Hershey Co
HSY
▲ PositiveDemandrelevance

Hershey revenues up 10.6%, beating expectations, indicating strong demand.

Utz Brands Inc
UTZ
± Mixedrelevance

Utz mentioned as reporting but no specific revenue figure or comparison given.

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