NASDAQ$CPB
Campbell Soup Co · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Campbell Soup's Q3 2024 performance reflected a solid quarter with net sales increasing, driven by the Sovos Brands acquisition, and adjusted EBIT and EPS growth.
Campbell Soup Company reported a 6% increase in net sales to $2.4 billion, driven by the acquisition of Sovos Brands. Organic net sales were comparable to the prior year. Adjusted EBIT increased by 13%, and adjusted EPS grew by 10% to $0.75.
- Net sales increased by 6% to $2.4 billion, with organic net sales comparable to the prior year.
- Adjusted EBIT increased by 13%, driven by the Sovos Brands acquisition.
- Adjusted EPS increased by 10% to $0.75 per share.
- Full-year fiscal 2024 guidance updated to include Sovos Brands.
Headline financials
Revenue & EPS history
Campbell Soup · Revenue · Quarterly
$2.37B
Revenue by segment
Campbell Soup · $2.37B total across 2 segments · Q3 2026
- Meals & Beverages$1.43B—60.3%
- Snacks$940M—39.7%
Forward guidance
The company is updating its fiscal 2024 full-year guidance to reflect the expected performance of the base business and the impact of the recent acquisition. Full-year reported net sales growth is expected to be in the range of 3% to 4% driven by the incremental impact of the Sovos Brands acquisition.
Tailwinds
- Full-year reported net sales growth is expected to be in the range of 3% to 4%.
- Adjusted EBIT growth for the combined business is expected to be approximately 6.5% to 7%.
- Lower adjusted marketing and selling expenses.
- Favorable price realization, productivity and cost savings.
- Build momentum into the fourth quarter.
Headwinds
- Organic net sales growth is tracking to the midpoint of the updated range of approximately 0% to down 1%.
- Inflation and other supply chain costs.
- Expected dilution from the Sovos Brands acquisition of between $0.01 and $0.02 per share.
- Half a point lower than the bottom end of the 0% to 2% organic net sales growth range indicated on the company’s second quarter earnings call.
- Continued stabilization of year-over-year volume growth.
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 2024
-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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro