Campbell's Q2 Earnings Preview: Revenue Expected to Drop 7.6%

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

Campbell's is set to report its fiscal second-quarter earnings before the market opens on Thursday, with analysts expecting a 7.6% year-over-year decline in revenue, a reversal from the 1.2% growth recorded in the same quarter last year. The packaged food company missed revenue expectations last quarter, posting $2.37 billion in sales, down 4.4% year on year, though it did beat on gross margin estimates. Analysts have generally maintained their estimates over the past month, and Campbell's shares have risen 5.9% in that period, trading at $23.69 against an average price target of $21.88. In the broader shelf-stable food segment, peers J. M. Smucker and Lamb Weston have already reported revenue growth of 5% and 5.6%, respectively, beating expectations, with their shares rising 5.1% and 8% after results.

Impact on stocks 4

Consumer Staples± Mixed · 4 stocks
Campbell’s Co
CPB
▼ NegativeCapitalrelevance

Analysts expect Campbell's Q2 revenue to fall 7.6% year-over-year, a reversal from prior growth, ahead of its earnings report.

Lamb Weston Holdings Inc
LW
▲ PositiveCapitalrelevance

Lamb Weston already reported 5.6% revenue growth, beating expectations, with shares rising 8% after results.

The J. M. Smucker Company
SJM
▲ PositiveCapitalrelevance

J. M. Smucker already reported 5% revenue growth, beating expectations, with shares rising 5.1% after results.

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