What Campbell Soup Company's Earnings Mean for Mutual Fund Investors

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What Campbell Soup Company's Earnings Mean for Mutual Fund Investors

campbells soup company
On Monday morning, Campbell Soup Company (CPB) reported its fourth quarter earnings. The company turned a profit in the most recent quarter, compared to a loss from a year ago.
The company reported earnings of $137 million, or 43 cents per share, compared to a net loss of $158 million, or 50 cents per share a year ago. Excluding special items, earnings were 49 cents per share, in-line with analysts’ view.

Net sales were $1.85 billion, up from $1.72 billion last year. Analysts expected to see sales of $1.87 billion.

Inside Campbell’s Earnings Results

The Camden, NJ-based company turned a profit for the fourth quarter. Last year, the company was hurt by a significant loss from discontinued operations. The company also benefited by an extra week in the most recent quarter, which added $25 million to net income.

On a segment basis, sales for U.S. simple meals rose 5% to $518 million, while the Global Baking and Snacking segment rose 10% to $628 million and the International Simple Meals and Beverages segment increased 1% to $188 million.

The U.S. Beverage segment jumped 6% to $184 million and the Bolthouse and Foodservice segments increased 11% to $334 million.

The company’s U.S. Soup sales dropped 3%.

Campbell’s also reported that its gross margin narrowed to 34.3% from 36.7%. Marketing costs fell by 1%.

The stock remained flat during pre-market trading on Monday. YTD, the stock is up 2.91%.

Mutual Funds on Watch

The Bottom Line

While owning a mutual fund gives you exposure to a percentage of a company, it is still important to be aware of how the holdings of your mutual funds are performing.

Earnings can have a major effect on a company’s stock price and is one of the most important aspects that investors should pay attention to.


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campbells soup company

What Campbell Soup Company's Earnings Mean for Mutual Fund Investors

On Monday morning, Campbell Soup Company (CPB) reported its fourth quarter earnings. The company turned a profit in the most recent quarter, compared to a loss from a year ago.
The company reported earnings of $137 million, or 43 cents per share, compared to a net loss of $158 million, or 50 cents per share a year ago. Excluding special items, earnings were 49 cents per share, in-line with analysts’ view.

Net sales were $1.85 billion, up from $1.72 billion last year. Analysts expected to see sales of $1.87 billion.

Inside Campbell’s Earnings Results

The Camden, NJ-based company turned a profit for the fourth quarter. Last year, the company was hurt by a significant loss from discontinued operations. The company also benefited by an extra week in the most recent quarter, which added $25 million to net income.

On a segment basis, sales for U.S. simple meals rose 5% to $518 million, while the Global Baking and Snacking segment rose 10% to $628 million and the International Simple Meals and Beverages segment increased 1% to $188 million.

The U.S. Beverage segment jumped 6% to $184 million and the Bolthouse and Foodservice segments increased 11% to $334 million.

The company’s U.S. Soup sales dropped 3%.

Campbell’s also reported that its gross margin narrowed to 34.3% from 36.7%. Marketing costs fell by 1%.

The stock remained flat during pre-market trading on Monday. YTD, the stock is up 2.91%.

Mutual Funds on Watch

The Bottom Line

While owning a mutual fund gives you exposure to a percentage of a company, it is still important to be aware of how the holdings of your mutual funds are performing.

Earnings can have a major effect on a company’s stock price and is one of the most important aspects that investors should pay attention to.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.


Read Next