Campbell: Reports Second-Quarter Fiscal 2021 Results

Camden / NJ. (csc) Campbell Soup Company reported results for its second-quarter fiscal 2021 ended January 31, 2021. Highlights and summary of an outstanding period:

  • Earnings Per Share (EPS) from Continuing Operations of USD 0.80 increased 43 percent. Adjusted EPS of USD 0.84 increased 17 percent.
  • Earnings Before Interest and Taxes (Ebit) increased 15 percent to USD 401 million. Adjusted Ebit increased 8 percent to USD 393 million.
  • Net Sales increased 5 percent reflecting continued elevated demand for Campbell’s brands.
  • Fiscal 2021 Adjusted EPS guidance of USD 3.03 to USD 3.11, reflecting growth of 3 percent to 5 percent.

Mark Clouse, Campbell’s President and CEO, said, «We delivered another quarter of strong results, with top-line growth in both segments – partly tempered by foodservice and supply constraints caused by Covid-19 – as well as continued growth in Ebit and EPS. In addition, nearly 75 percent of our brands grew or held share which was an important goal for the quarter. Given this strong performance, we are providing full-year fiscal 2021 guidance and we are confident in the long-term growth potential of Campbell.»

For additional information please read the company’s PDF file below (106 KB):