Campbell Soup shares fall on mixed Q4 results, soft guidance by Investing.com

NEW YORK – Campbell’s soup The company (NYSE: ) reported mixed fourth-quarter results and provided full-year guidance that fell short of analysts’ expectations, sending shares down nearly 2% in premarket trading.

The food maker reported adjusted earnings per share of $0.63 for the quarter, topping analysts’ consensus estimates of $0.62. Revenue rose 11% year over year to $2.3 billion, slightly below estimates of $2.32 billion.

Organic net sales decreased 1% in Q4 with a 2% net price decline, partially offset by 1% favorable volume/mix. The company said volume/mix improved sequentially from the third quarter.

For fiscal 2025, Campbell estimates adjusted earnings per share of $3.12 to $3.22, below the $3.23 expected by Wall Street. The company sees organic net sales growth of 0% to 2% for the year.

“We ended fiscal 2024 with solid fourth-quarter performance, including sequential volume improvement and year-over-year margin expansion,” said Mark Clouse, Campbell’s president and CEO.

The company said its guidance for fiscal 2025 reflects “a balance between incremental progress and pragmatism” as it navigates a continued consumer recovery. Campbell noted that the upper end of his guidance range assumes a more rapid normalization of consumer trends, while the lower end has a more conservative pace.

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