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BRIEF-Campbell Soup reports Q4 adjusted earnings per share of $0.52
August 31, 2017 / 11:30 AM / 21 days ago

BRIEF-Campbell Soup reports Q4 adjusted earnings per share of $0.52

Aug 31 (Reuters) - Campbell Soup Co

* Campbell reports fourth-quarter and full-year results

* Q4 adjusted earnings per share $0.52

* Q4 earnings per share $1.04

* Q4 sales $1.664 billion versus I/B/E/S view $1.69 billion

* Q4 earnings per share view $0.55 -- Thomson Reuters I/B/E/S

* Sees expects 2018 sales to change by -2 to 0 percent

* Looking ahead to fiscal 2018, co expects operating environment to remain difficult

* Sees 2018 adjusted earnings before interest and taxes (EBIT) to change by -1 to 1 percent

* Sees 2018 adjusted EPS to change by 0 to 2 percent, or $3.04 to $3.11 per share

* Campbell Soup Co - ‍in Q4, Global Biscuits And Snacks was soft on top line but generated a solid double-digit earnings increase versus year-ago quarter​

* Campbell Soup - ‍in quarter, while Campbell fresh sales increased slightly, bottom line was disappointing, expect to return to profitable growth going forward​

* Campbell Soup Co - qtrly ‍sales of U.S. Soup decreased 4 percent driven by declines in condensed soups, broth and ready-to-serve soups​

* Campbell Soup Co - ‍Americas Simple Meals And Beverages sales in quarter decreased 3 percent to $815 million​

* FY2018 earnings per share view $3.19, revenue view $8.01 billion -- Thomson Reuters I/B/E/S

* Campbell Soup Co - ‍in fiscal 2017, increased successful multi-year cost savings initiative to $450 million by end of fiscal 2020​

* Campbell says “Operating environment for packaged foods industry remains challenging due to shifting demographics, changing consumer preferences for food” Source text for Eikon: Further company coverage:

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