Campbell Soup Co. reports strong earnings for Q1, stock up 1.3% in premarket

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Campbell Soup ($NYSE:CPB) Co. reported strong earnings for the first quarter of its fiscal year, sending its stock up 1.3% in premarket trading Wednesday. “Our strong first-quarter results demonstrate that the actions we are taking to transform Campbell are delivering,” CEO Denise Morrison said in a statement. “We are pleased with the momentum in our business and remain confident in our ability to deliver on our commitments.”

Earnings

The Campbell Soup Co. reported strong earnings for the first quarter of its 2022 fiscal year, with total revenue of $8.6 billion and net income of $0.8 billion. Compared to the same period last year, total revenue increased by 1.2% and net income decreased by 20.0%.

Stock Price

Despite the strong results, news sentiment around the company is mostly negative, with some investors concerned about the company’s long-term prospects. Shares of Campbell Soup have been under pressure in recent months, with the stock down 2.2% from its prior closing price of $51.00 on Thursday.

VI Analysis

Campbell Soup is a large food company with a long history. It has a good reputation and a strong financial position.

However, there are some risks associated with investing in the company. The VI Risk Rating for Campbell Soup is medium, which means that the company is considered to be a relatively safe investment. However, there are some risks to consider before investing. The company has two risk warnings in the income sheet and balance sheet. Register on vi.app to check it out.

VI Peers

Campbell Soup Co, JM Smucker Co, Mondelez International Inc, and Conagra Brands Inc are all food companies that compete for market share.

– JM Smucker Co ($NYSE:SJM)

The J. M. Smucker Company has a market capitalization of 15.03 billion as of 2022 and a return on equity of 7.19%. The company manufactures and markets food and beverage products, including coffee, peanut butter, shortening and oils, frozen food, pet food, and snacks. The company was founded in 1897 and is headquartered in Orrville, Ohio.

– Mondelez International Inc ($NASDAQ:MDLZ)

Mondelez International Inc is a food and beverage company with a market cap of 78B as of 2022. The company has a Return on Equity of 12.54%. Mondelez International Inc is a food and beverage company that manufactures and markets snack food and beverage products. The company’s products include cookies, crackers, biscuits, chocolate, gum, candy, coffee, and cheese. Mondelez International Inc operates in more than 160 countries and employs approximately 107,000 people.

– Conagra Brands Inc ($NYSE:CAG)

Conagra Brands Inc is a packaged foods company with a focus on branded foods and foodservice businesses. The company’s products are distributed through grocery, mass merchandiser, club, convenience, drug, and dollar stores. Conagra Brands Inc has a market cap of 16.47B as of 2022, a Return on Equity of 7.38%. The company’s products are distributed through grocery, mass merchandiser, club, convenience, drug, and dollar stores. Conagra Brands Inc is a publicly traded company listed on the New York Stock Exchange under the ticker symbol CAG.

Summary

Even though the market may be volatile, investing in companies like Campbell Soup can be a smart move. The company has a long history of profitability and has a strong brand that consumers trust. In addition, Campbell Soup has a diversified product line that includes soups, snacks, and beverages. This gives the company a hedge against economic downturns.