Campbell Soup Company Stock News

Solid Power, Inc. (SLDP) CEO Douglas Campbell on Q4 2021 Results - Earnings Call Transcript

R5 Capital lowered its rating on Campbell Soup Company to Hold from Buy. Read more.

Here are seven major companies whose stocks moved on the week’s news.

Campbells Soup Company (NYSE: CPB) is among the more attractive consumer discretionary stocks and its shares just went on sale. The stock is trading at only 15X its earnings while yielding over 3.5% w

Campbell Soup fell short of market expectations for quarterly revenue on Wednesday, in a sign that demand for its sauces and broths is slowing from the pandemic-led surge.

U.S. stocks traded higher midway through trading, with the Nasdaq surging 375 points on Wednesday. The Dow traded up 2% to 33,284.15 while the NASDAQ rose 2.93% to 13,170.68. The S&P also rose, gaining, 2.33% to 4,267.93. Check out this: Insiders Buy Around $98M Of 3 Stocks Leading and Lagging Sectors Financials shares climbed by 3.7% on Wednesday. Meanwhile, top gainers in the sector included Bright Health Group, Inc. (NYSE: BHG ), up 26% and Silvergate Capital Corporation (NYSE: SI ) up 19%. In trading on Wednesday, energy shares fell by 1.4%. Top Headline Campbell Soup Company (NYSE: CPB ) reported in-line earnings for its second quarter, while sales missed expectations. Campbell Soup posted quarterly earnings of $0.69 per share, in-line with analysts’ estimates of $0.69 per share. The company’s quarterly sales came in at $2.21 billion, versus expectations of $2.24 billion. Campbell said it sees FY22 adjusted EPS of $2.75-$2.85, versus analysts’ estimates of $2.79 Equities Trading UP Bumble Inc. (NASDAQ: BMBL ) shares shot up 47% to …

Campbell Soup missed expectations for quarterly revenue.

U.S. stocks traded opened on a strong note this morning, with the Dow Jones jumping more than 600 points on Wednesday. Following the market opening Wednesday, the Dow traded up 1.98% to 33,279.38 while the NASDAQ rose 2.67% to 13,137.69. The S&P also rose, gaining, 2.16% to 4,260.88. Check out this: Insiders Buy Around $98M Of 3 Stocks Leading and Lagging Sectors Financials shares climbed by 3.4% on Wednesday. Meanwhile, top gainers in the sector included Bright Health Group, Inc. (NYSE: BHG ), up 22% and HCI Group, Inc.. (NYSE: HCI ) up 11%. In trading on Wednesday, energy shares fell by 2.3%. Top Headline Campbell Soup Company (NYSE: CPB ) reported in-line earnings for its second quarter, while sales missed expectations. Campbell Soup posted quarterly earnings of $0.69 per share, in-line with analysts’ estimates of $0.69 per share. The company’s quarterly sales came in at $2.21 billion, versus expectations of $2.24 billion. Campbell said it sees FY22 adjusted EPS of $2.75-$2.85, versus analysts’ estimates of $2.79 Equities Trading UP Bumble Inc. (NASDAQ: BMBL ) …

CPB, MDB and FIGS all posted gains in pre-market trading following the release of their respective quarterly reports. YEXT dropped on a leadership shakeup.

The company behind namesake soups and snacks like Goldfish crackers posted $2.21 billion in sales for its fiscal second quarter, down 3% from a year earlier.

These are the stocks posting the largest moves before the bell.

Campbell Soup's (CPB) second-quarter fiscal 2022 results reflect supply-chain disruptions and inflation across the industry, partly made up by positive pricing and sales allowances.

Campbell Soup Co. reported fiscal second-quarter net income of $212 million, or 70 cents per share, down from $245 million, or 80 cents per share, last year. Adjusted EPS of 69 cents was in line with the FactSet consensus. Sales of $2.209 billion were down from $2.279 billion last year and missed the FactSet consensus of $2.241 billion. "As expected, our second quarter was challenging as we lapped a difficult comparison and navigated labor and supply constraints, made even tougher by the Omicron surge," said Chief Executive Mark Clouse in a statement. "However, heading into the second half of the fiscal year, we are seeing labor availability and service levels improve, better mitigation of inflation with pricing, and strong levels of demand all underpinning our confidence in our delivery of full-year guidance." Campbell says "wave two" pricing action will be reflected in third-quarter results. For the full year, the company continues to expect net sales to be flat to down 2%, organic net sales to be down 1% to up 1%, and adjusted EPS of $2.75 to $2.85.