NASDAQ$CPB

Campbell Soup Co · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Campbell Soup's Q4 2020 performance was marked by strong sales growth and increased profitability, driven by heightened demand for its products.

Campbell Soup Company reported strong fourth-quarter fiscal 2020 results, with net sales increasing by 18% and organic net sales up by 12%. Adjusted EPS increased by 50% to $0.63. The company benefited from increased demand for its products due to elevated at-home food consumption.

  • Net Sales increased 18% driven by increased demand.
  • Organic Net Sales increased 12% due to elevated at-home food consumption.
  • EPS from Continuing Operations increased to $0.28 from a loss of $0.02.
  • Adjusted EPS increased 50% to $0.63.

Headline financials

Total Revenue

$2.11B

Previous: $2.02B+4.2%
EPS (adj)

$0.63

Previous: $0.50+26.0%
Organic Net Sales Change

12.0%

No prior period
Gross Margin

35.4%

No prior period
Capital Expenditures

$79M

Previous: $110M-28.2%
Free Cash Flow

$1.4B

Previous: $140M+900.0%
Net Income

$86M

Previous: -$8M+1175.0%
Operating Income

$167M

Previous: $123M+35.8%
Gross Profit

$747M

Previous: $606M+23.3%
Cash & Equivalents

$859M

Previous: $31M+2671.0%
Total Assets

$12.4B

Previous: $13.1B-5.9%
Stock-Based Comp

$14M

Previous: $13M+7.7%

Revenue & EPS history

Campbell Soup · Revenue · Quarterly

$2.11B

Q4 2020+4.2%vs Q4 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Campbell Soup · $2.11B total across 2 segments · Q4 2020

  • Snacks
    $1.09B
  • Meals & Beverages
    $1.02B

Forward guidance

The company expects demand for its products will remain elevated in the near term and accordingly, is providing guidance limited to the first quarter of fiscal 2021.

Tailwinds

  • Net Sales +5% to +7%
  • Adjusted EBIT +6% to +9%
  • Adjusted EPS +13% to +18%
  • Adjusted EPS $0.88 to $0.92

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 Q4 2020

Historical avgQ4 2020

-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

Earnings price reactions
QuarterReport dateReaction (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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