NASDAQ$CPB
Campbell Soup Co · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Second quarter results were impacted by industry-wide inflation and supply constraints, while full-year guidance was reaffirmed.
Campbell Soup Company reported a 3% decrease in net sales and a 2% decrease in organic net sales for the second quarter of fiscal 2022. Adjusted EPS decreased by 16% to $0.69 due to industry-wide inflation and supply constraints. The company reaffirmed its full-year guidance, expecting improved financial performance in the second half of the year.
- Earnings Per Share (EPS) from Continuing Operations were $0.70.
- Adjusted EPS decreased 16% to $0.69 due to industry-wide inflation and supply constraints.
- Net Sales decreased 3%; Organic Net Sales decreased 2%.
- Full-year guidance reaffirmed.
Headline financials
Revenue & EPS history
Campbell Soup · Revenue · Quarterly
$2.21B
Revenue by segment
Campbell Soup · $2.21B total across 2 segments · Q2 2022
- Meals & Beverages$1.28B-1.9%57.7%
- Snacks$934M-4.6%42.3%
Forward guidance
Campbell continues to expect full-year fiscal 2022 net sales, adjusted EBIT and adjusted EPS performance to be consistent with its guidance provided on December 8, 2021.
Tailwinds
- Expected continued strong demand for the balance of the year
- Steady supply recovery
- Improved service levels particularly in the fourth quarter as labor recovers
- Wave two pricing will be fully reflected in the third quarter
- Company expects to continue managing inflationary headwinds through pricing, supply chain productivity improvements and cost savings initiatives
Headwinds
- Core inflation is now expected to be low double-digits for the full year
- Impacts of, and associated responses to, the COVID-19 pandemic on our business, suppliers, customers, consumers and employees
- The company’s ability to execute on and realize the expected benefits from its strategy, including growing sales in snacks and growing/maintaining its market share position in soup
- The impact of strong competitive responses to the company’s efforts to leverage its brand power with product innovation, promotional programs and new advertising
- The risks associated with trade and consumer acceptance of product improvements, shelving initiatives, new products and pricing and promotional strategies
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2022
-0.9%
Avg return
Earnings day
-1.0%
Avg return
5 days after
-1.2%
Avg return
30 days after
38%
27 / 72 earnings
Positive
+12.9%
Q3 2019
Best reaction
-14.4%
Q3 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | -2.0% | +5.1% | — | |
| Q2 2026 | -7.0% | -13.3% | -17.2% | |
| Q1 2026 | -5.2% | -4.3% | -11.9% | |
| Q4 2025 | +7.3% | +7.8% | +1.6% | |
| Q3 2025 | -2.0% | -5.3% | -8.3% | |
| Q2 2025 | -2.9% | +4.2% | -3.8% | |
| Q1 2025 | -7.7% | -7.6% | -9.1% | |
| Q4 2024 | -0.9% | +2.4% | -1.6% | |
| Q3 2024 | -1.5% | -3.9% | +2.1% | |
| Q2 2024 | -2.0% | +0.1% | +0.8% | |
| Q1 2024 | +7.6% | +8.6% | +8.0% | |
| Q4 2023 | -2.6% | -1.8% | -2.1% | |
| Q3 2023 | -7.6% | -9.1% | -10.0% | |
| Q2 2023 | +0.4% | +2.2% | +6.4% | |
| Q1 2023 | +7.7% | +7.4% | +7.6% | |
| Q4 2022 | -2.5% | -3.1% | -6.5% | |
| Q3 2022 | +0.9% | -1.6% | +4.2% | |
| Q2 2022 | -1.0% | +1.2% | +7.5% | |
| Q1 2022 | +2.6% | +6.2% | +11.5% | |
| Q4 2021 | +2.6% | +3.2% | -0.5% | |
| Q3 2021 | -6.9% | -6.7% | -7.1% | |
| Q2 2021 | +1.1% | +1.4% | +2.4% | |
| Q1 2021 | -2.0% | -3.2% | -2.9% | |
| Q4 2020 | -9.3% | -13.8% | -6.9% | |
| Q3 2020 | -6.2% | -4.1% | -5.2% | |
| Q2 2020 | +10.9% | +4.8% | +3.4% | |
| Q1 2020 | +0.1% | +1.4% | +1.8% | |
| Q4 2019 | +4.9% | +4.1% | +8.2% | |
| Q3 2019 | +12.9% | +10.2% | +9.1% | |
| Q2 2019 | +9.5% | +9.4% | +15.9% | |
| Q1 2019 | +2.8% | +5.4% | -2.0% | |
| Q4 2018 | -1.4% | -0.8% | -8.4% | |
| Q3 2018 | -14.4% | -12.6% | -5.4% | |
| Q2 2018 | -3.4% | -10.1% | -8.6% | |
| Q1 2018 | -6.3% | -7.8% | -2.5% | |
| Q4 2017 | -9.7% | -7.1% | -6.8% | |
| Q3 2017 | +1.0% | +2.5% | -3.3% | |
| Q2 2017 | -5.8% | -5.4% | -5.4% | |
| Q1 2017 | +3.2% | +4.5% | +9.4% | |
| Q4 2016 | -4.9% | -5.0% | -9.9% | |
| Q3 2016 | -6.4% | -5.2% | -2.4% | |
| Q2 2016 | +2.4% | — | — | |
| Q1 2016 | +5.5% | — | — | |
| Q4 2015 | +0.4% | — | — | |
| Q3 2015 | +1.7% | — | — | |
| Q2 2015 | -1.6% | — | — | |
| Q1 2015 | -0.3% | — | — | |
| Q4 2014 | -3.0% | — | — | |
| Q3 2014 | -2.4% | — | — | |
| Q2 2014 | +5.6% | — | — | |
| Q1 2014 | -7.7% | — | — | |
| Q4 2013 | -3.4% | — | — | |
| Q3 2013 | -3.3% | — | — | |
| Q2 2013 | +3.3% | — | — | |
| Q1 2013 | -1.4% | — | — | |
| Q4 2012 | -1.2% | — | — | |
| Q3 2012 | -2.2% | — | — | |
| Q2 2012 | +3.1% | — | — | |
| Q1 2012 | -7.0% | — | — | |
| Q4 2011 | -0.3% | — | — | |
| Q3 2011 | +0.1% | — | — | |
| Q2 2011 | +1.6% | — | — | |
| Q1 2011 | -0.1% | — | — | |
| Q4 2008 | -1.9% | — | — | |
| Q4 2010 | -1.9% | — | — | |
| Q3 2009 | -0.3% | — | — | |
| Q3 2010 | -0.3% | — | — | |
| Q2 2009 | +0.6% | — | — | |
| Q2 2010 | +0.6% | — | — | |
| Q1 2009 | -0.7% | — | — | |
| Q4 2009 | -0.7% | — | — | |
| Q1 2010 | -0.7% | — | — |
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