Post-Earnings Analysis and Insight - Campbell Soup Co.

LONDON, September 12, 2014 /PRNewswire/ --

Investor-Edge.com has issued free post-earnings analysis and insight on Campbell Soup Co. (NYSE: CPB). The company featured in the headlines on Monday, September 08, 2014 after reporting its fourth quarter and full-year financial results for the period ended August 03, 2014. During Q4 FY14, Campbell Soup Co.'s total sales grew 7% Y-o-Y, while for FY14, the company's sales from continuing operations increased 3% Y-o-Y. Our free coverage report can be accessed at:

http://www.investor-edge.com/register

Earnings Overview 

Campbell Soup Co.'s earnings from continuing operations for Q4 FY14 stood at $137 million, or $0.43 per share, compared with $117 million, or $0.37 per share, in the preceding year quarter. The reported quarter earnings fell short of Bloomberg analysts' expectations of $155 million, or $0.50 per share. Excluding certain items, the company's adjusted earnings from continuing operations increased to $155 million, or $0.49 per share in Q4 FY14, from $136 million, or $0.43 per share in Q4 FY13. Campbell Soup Co.'s Q4 earnings benefited from an additional week in FY14, which contributed an estimated $25 million to earnings from continuing operations and $0.08 to EPS from continuing operations. During Q4 FY14, Campbell Soup Co.'s sales from continuing operations increased to $1,852 million from $1,723 million in Q4 FY13. The free research on CPB can be downloaded as in PDF format at:

http://www.Investor-Edge.com/CPBFreeReport

For fiscal 2014, the company reported earnings from continuing operations of $737 million, or $2.33 per diluted share, compared with $689 million, or $2.17 per diluted share, in the previous year. Full year results shied away from meeting Bloomberg expectations of $776 million, or $2.58 per diluted share in earnings. Excluding certain items, adjusted earnings from continuing operations for FY14 grew 2% to $800 million, or $2.53 per share, from $786 million, or $2.48 per share in FY13. For fiscal 2014, the company's sales from continuing operations increased to $8,268 million from $8,052 million last year.

Denise Morrison, Campbell's President and CEO, stated that the company's FY14 results were in line with its most recent guidance. She also said that the acquisition of Kelsen Group has expanded the company's baked snacks business to China and Hong Kong, and that increased distribution and investments in advertising and consumer programs to build brand equity has led to strong top-line growth for its Bolthouse Farms. Further, Ms. Morrison mentioned that Campbell has divested its European simple meals business to focus on faster-growing markets. Sign up and read the free analyst's notes on CPB at:

http://www.Investor-Edge.com/CPB-12092014

In her concluding comments, Ms. Morrison said that Cambell plans to deliver modest growth in fiscal 2015, despite a challenging consumer environment. The company expects fiscal 2015 growth to be below its long-term targets for sales and earnings. Amongst others plans, Campbell intends to: make meaningful improvements in its core businesses and drive innovation with the launch of more than 200 new products; deliver sales growth in US Simple Meals, including US Soup, and in Pepperidge Farm, by optimizing all the drivers of demand; execute its turnaround plans to strengthen US Beverages and expect to stabilize sales in Australia; and relentlessly manage its costs and margins to improve profit performance. According to Ms. Morrison, the management believes that the company is on the right path and is committed to execute its strategy to deliver sustainable, profitable net sales growth.

For FY15, the company expects continuing operations to grow net sales by 1 to 2% and adjusted EBIT to grow by 0 to 2%. Further, the company's adjusted EPS is projected to be in the range of $2.45 to $2.50, reflecting an increase of 0 to 2%, all on a Y-o-Y basis.

Stock Performance  

On the day of earnings release, Monday, September 08, 2014, Campbell Soup Co.'s stock was down by 2.58%, and ended the session at $43.39. The stock has recovered since then, and on the last trading session, Thursday, September 11, 2014, it closed at $44.12, reflecting an increase of 1.61% over its previous day's close. The stock vacillated between $43.27 and $44.13 during the trading session. A total of 1.18 million shares were traded, which was above its three months average volume of 0.96 million shares. Over the previous three trading sessions and over the last one month, the company's shares have gained 1.68% and 2.22%, respectively. Moreover, the stock has advanced 1.94% from the beginning of 2014. Campbell Soup Co.'s shares are trading above their 50-day and 200-day moving averages of $43.97 and $43.63, respectively. Further, the stock traded at a PE ratio of 17.94 and has a Relative Strength Index (RSI) of 43.22. Visit Investor-Edge and access the latest research on CPB at:

http://www.Investor-Edge.com/CPBEarningsCoverage

Sneak Peek to Corporate Insider Trading 

In the last one month, Campbell Soup Co. has not reported any share transactions by insiders to the U.S. Securities and Exchange Commission (SEC). Complimentary in-depth research on CPB is available at:

http://www.Investor-Edge.com/CPBInsiderTrading

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