NASDAQ$CPB
Campbell Soup Co · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Campbell Soup's third-quarter fiscal 2021 results were impacted by lapping the demand surge from the pandemic's onset, a rising inflationary environment, and supply chain cost increases.
Campbell Soup Company reported an 11% decrease in net sales for the third quarter of fiscal year 2021, primarily due to lapping unprecedented demand from the prior year. Adjusted EPS decreased by 31% to $0.57, reflecting sales volume declines and lower adjusted gross margin performance.
- Net sales decreased 11% due to lapping the prior year's demand surge at the pandemic's onset.
- Earnings Before Interest and Taxes (EBIT) was $272 million, comparable to the prior year, while adjusted EBIT decreased 27% to $283 million.
- Earnings Per Share (EPS) from Continuing Operations decreased 2% to $0.54, and adjusted EPS decreased 31% to $0.57.
- Nearly 75% of the brand portfolio grew or held share, indicating strong brand health and continued momentum.
Headline financials
Revenue & EPS history
Campbell Soup · Revenue · Quarterly
$1.98B
Revenue by segment
Campbell Soup · $1.98B total across 2 segments · Q3 2021
- Meals & Beverages$1.04B-14.1%52.4%
- Snacks$945M-8.1%47.6%
Forward guidance
Campbell is updating its full-year fiscal 2021 guidance to reflect its third-quarter results and the impact of the sale of the Plum baby food and snacks business on May 3, 2021. In the fourth quarter, the company expects continued margin pressure related to its transition out of the COVID-19 environment, and more pronounced inflation while pricing actions take hold in the beginning of fiscal 2022.
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 Q3 2021
-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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