Campbell soup stock is one of the rare stocks that is still green for the year, up 6.5%, compared to the S&P 500's -24% decline. In order to appeal to consumers with more than just soup, the Campbell Soup Company has expanded its products. It has a diversified portfolio that includes meals and beverages. It has snack brands that include Cape Cod, Goldfish, Kettle Brand, Pepperidge farms and Snyder's of Hanover pretzel snacks. Slow Kettle, Homestyle, Well Yes! and healthy request are some of the variations of the original Campbell's Soup Company brand. ConAgra Foods owns Healthy Choice and Udi's, both of which are health-conscious brands that compete with The Campbell Soup Company. Consumers can now make complete meals beyond soup with the expansion of the company's Slow Cooker and Skillet Sauces. There are new organic canned and ready-to- serve meals in the Pacific Brands line. The snacks segment has increased in size. Despite a 1% net revenue increase, EBIT fell 4% due to inflation.
MarketBeat.com - MarketBeat The Campbell Soup Company released its fourth-quarter results on September 1st. Excluding non-recurring items, the company reported a profit of $0.56 per share. Revenues climbed 6.1% year-over-year to $1.99 billion, beating analysts' estimates. EBIT dropped to $170 million from $411 million. Higher adjusted gross margin was partially offset by higher adjusted administrative expenses and lower adjusted other income.
Campbell Soup expects fiscal full-year 2023 to have an earnings per share of $2.85 to $29.95, which is in line with analysts' estimates. The revenue is expected to go up 4% to 6%, or $8.88 billion to $9.05 billion. Campbell Soup demonstrated a step up in execution across the company with improved supply chain performance and effective revenue management. Campbell's full growth potential will be unlocked as we continue to make progress on our foundation.
Consumers tend to stick with shelf-stable and nonperishable foods during times of economic downturn. Campbell products have a long shelf life. During the Pandemic, soups and snacks were in high demand. Campbell makes sense as a recession hedge stock because people are looking for an inflation reprieve to cut down on food expenses.
Campbell's fiscal full-year 2022 earnings per share is projected to be between $2.75 and $2.85. Revenues are expected to come in between $8.31 billion and $8.47 billion, which is in line with analyst estimates.
The rifle charts give a bird's-eye view of the landscape. The rifle chart peaked off thefib level. The 15-period MA slopes up from $45.18 to $48.34, while the monthly five- period MA flattens at $48.34. There is a chance that the monthly rise stalls at the 70 band. The lower bollinger bands are $37.60 per month. The 15-period MA is at $48.77. There is a weekly market structure low buy. The weekly 50-period MA support is at $45.89 and the 200 period MA support is at $45.34. The lowerBBs are at $44.51 per week. The $46.06 fib, $44.78 fib, $43.74 fib, $42.23 fib, $40.69 fib and the $39.70 fib levels are attractive.
Campbell Soup Company is known for its slogan "soup is good food." Despite being a global brand, it has not been affected by the strong U.S. dollar in terms of revenues. The Hershey Company trades at 27x forward earnings and 20.3 EV/EBITDA compared to Campbell's 16x forward earnings and 10 EV/EBITDA. The value investors will appreciate its yield.
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