CAMPBELL SOUP Reports Fourth Quarter FY2023 Earnings Results on August 31 2023
September 3, 2023
🌥️Earnings Overview
On August 31 2023, CAMPBELL SOUP ($NYSE:CPB) announced their financial results for the fourth quarter of FY2023, ending July 31 2023. Total revenue for the quarter amounted to USD 2068.0 million, which marks a 4.1% rise from the same period in the prior year. Additionally, net income for the period grew 76.0%, settling at USD 169.0 million.
Stock Price
The stock opened at $44.0 and closed at $41.7, representing a drop of 0.6% from its prior closing price of $42.0. Overall, the earnings results reflect a challenging environment for CAMPBELL SOUP as it continues to grapple with declining sales and operating margins. The company is continuing to invest in marketing and new product development in an effort to drive growth and increase visibility in the marketplace. Investors remain cautiously optimistic about the future prospects of the company as it looks to find ways to offset these losses and return to profitability. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Campbell Soup. More…
| Total Revenues | Net Income | Net Margin |
| 9.36k | 858 | 9.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Campbell Soup. More…
| Operations | Investing | Financing |
| 1.14k | -340 | -723 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Campbell Soup. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 12.06k | 8.39k | 12.03 |
Key Ratios Snapshot
Some of the financial key ratios for Campbell Soup are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.5% | 2.8% | 14.5% |
| FCF Margin | ROE | ROA |
| 8.3% | 23.7% | 7.0% |
Analysis
GoodWhale has analyzed CAMPBELL SOUP‘s financials and the results show that it is a medium risk investment. Through our Risk Rating analysis, we detected two risk warnings in the income sheet and balance sheet. If you’re interested in learning more, register on goodwhale.com and you can take a deeper dive into our comprehensive financial analysis. We believe that CAMPBELL SOUP is a relatively safe investment as it is well established and has a track record of financial stability. However, there are always risks associated with any type of investment, so be sure to thoroughly research and evaluate the risks before making any decisions. More…
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
Investors are encouraged with the most recent earnings results from CAMPBELL SOUP, as total revenue increased by 4.1% year-over-year and net income was up by a staggering 76.0%. The strong performance has been attributed to higher sales in Asia, as well as a focus on cost efficiency initiatives that have been implemented over the past year. Analysts remain bullish on the stock due to the company’s strong financial position and long-term growth potential. With their strong balance sheet and positive outlook, CAMPBELL SOUP is an attractive investment for those looking to capitalize on the uptrend in the food industry.
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