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Seeking Alpha 09/03/2020 12:03
Campbell Soup Company (NYSE:CPB) Q4 2020 Results Conference Call September 3, 2020 07:15 AM ET Company Participants Rebecca Gardy - Vice President, Investor Relations Mark Clouse - President and Chief Executive Officer Mick Beekhuizen - Executive Vice President and Chief Financial Officer Conference Call Participants Andrew Lazar - Barclays Ken Goldman - JP Morgan Nik Modi - RBC Capital Markets Jason English - Goldman Sachs Chris Growe - Stifel Robert Moskow - Credit Suisse John Baumgartner - Wells Fargo Presentation Rebecca Gardy Good morning and welcome to Campbell’s Fourth Quarter and Full-Year Fiscal 2020 Earnings Presentation.
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MarketWatch 09/03/2020 07:18
Shares of Campbell Soup Co. fell 1.4% in premarket trading Thursday, although the canned soup, snacks and simple meals company reported fiscal fourth-quarter profit and sales that topped forecasts. The company swung to net income of $86 million, or 28 cents a share, from a loss of $8 million, or 3 cents a share, in the year-ago period. Excluding non-recurring items, such as restructuring charges and pension adjustments, adjusted earnings per share rose to 63 cents from 42 cents, beating the FactSet consensus of 60 cents. Sales rose 18% to $2.11 billion, above the FactSet consensus of $2.06 billion. Meals & beverages sales rose 28% to $1.02 billion, above the FactSet consensus of $960.3 million, and snacks sales grew 11% to $1.09 billion to
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