It has been about a month since the last earnings report for Campbell Soup (CPB). Shares have added about 0.6% in that time frame, outperforming the S&P 500.

Will the recent positive trend continue leading up to its next earnings release, or is Campbell due for a pullback? Before we dive into how investors and analysts have reacted as of late, let’s take a quick look at the most recent earnings report in order to get a better handle on the important drivers.

Campbell Soup Q4 Earnings Beat Estimates, Sales Up Y/Y

Campbell came out with robust fourth-quarter fiscal 2020 results, with earnings and revenues increasing double digits and cruising ahead of the Zacks Consensus Estimate. Results gained from rise in demand across the company’s brands, stemming from increased at-home consumption amid coronavirus.

Moreover, management provided a favorable view for first-quarter fiscal 2021, assuming that demand trends will remain favorable.

Read More

Campbell Soup Co. saw “unprecedented demand” for products in the three months through June as customers loaded up on food and beverages while sheltering at home amid the COVID-19 pandemic.

The Camden, N.J.-based food products manufacturer earned $86 million, or an adjusted 63 cents per share, in its fiscal fourth quarter as net sales rose 18% to $2.11 billion. The results outpaced the 60 cents per share and $2.08 billion of revenue that Wall Street analysts surveyed by Refinitiv were expecting.

“This quarter concluded a year that furthered our strategic plan and solidified a significantly strengthened foundation that we will build upon going forward as we begin fiscal 2021,” CEO Mark Clouse said in a statement.

Sales from the meals and beverages unit, which includes soared 28% from a year ago, bolstered by an 18% jump in its U.S. retail business which includes soups, V8 beverages, Prego pasta sauces, and 

Read More

}

ATLANTA, Aug. 21, 2020 /PRNewswire/ — Georgia Power has elected Jill Campbell to the company’s board of directors, effective August 19, 2020. Campbell is the executive vice president and chief people and operations officer for Cox Enterprises.

Cox Enterprises, including its two major subsidiaries – Cox Communications and Cox Automotive, is a global communications, automotive and media company with $21 billion in annual revenues and brands that include Autotrader, Kelley Blue Book and Cox Homelife. As executive vice president and chief people and operations officer of a company with more than 55,000 employees, Campbell manages and directs the aviation, facilities, family office, people solutions, real estate, and security and corporate affairs departments.

“Jill has played a significant role in growing Cox Enterprises’ competitive strategies to enhance marketplace execution and serve the company’s residential and commercial customers,” said Paul Bowers, chairman, president and CEO of Georgia Power.

Read More