Campbell's Fiscal Q4 Adjusted Earnings, Net Sales Decline; Quarterly Dividend Lowered; Fiscal 2027 Outlook Set

MT Newswires Live

Sep 03

Campbell's (CPB) reported fiscal Q4 adjusted earnings Thursday of $0.39 per diluted share, down from $0.62 a year earlier.

That result matched the average estimate of analysts polled by FactSet.

Net sales for the quarter ended Aug. 2 were $2.14 billion, down from $2.32 billion a year earlier.

Analysts expected $2.14 billion.

For fiscal 2027, the company expects $1.65 to $1.80 in adjusted EPS and a 2% to 4% decline in net sales. Analysts expect $1.83 in adjusted EPS.

Campbell's also said it has lowered its quarterly dividend to $0.25 per share, down from $0.39 per share in the prior quarter. The new dividend is payable Nov. 2 to shareholders of record as of Oct. 1.

In addition, the company launched a new cost cutting program that aims to generate $500 million in savings by fiscal 2030.

Shares of Campbell were down more than 6% in recent Thursday premarket activity.

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Analysts expect $1.83 in adjusted EPS.</p><p>Campbell's also said it has lowered its quarterly dividend to $0.25 per share, down from $0.39 per share in the prior quarter. The new dividend is payable Nov. 2 to shareholders of record as of Oct. 1.</p><p>In addition, the company launched a new cost cutting program that aims to generate $500 million in savings by fiscal 2030.</p><p>Shares of Campbell were down more than 6% in recent Thursday premarket activity.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4212","symbol_name":"包装食品与肉类","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2664879083","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2664879083","pubTimestamp":1788435423,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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