Campbell's Q3 Earnings: What to Expect

Campbells, a prominent packaged food company, is set to unveil its third-quarter earnings this Tuesday, following a mixed performance last quarter. Analysts predict a four-point-three percent revenue decline to $2.65 billion, compared to the ten-point-one percent increase in the same quarter last year. Adjusted earnings are expected to be seventy-three cents per share. Despite largely maintaining their estimates, Campbells has missed Wall Streets revenue predictions in five of the last eight quarters. In the broader shelf-stable food sector, companies like J and J Snack Foods and SunOpta have reported varying results. Campbells share price has dipped slightly, while the average analyst price target remains higher than its current price.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.