** charts before earnings **
** charts after earnings **
Campbell Soup beats by $0.19, reports revs in-line; raises FY16 EPS above consensus; lowers sales due to FX :
- Reports Q1 (Oct) earnings of $0.95 per share, excluding non-recurring items, $0.19 better than the Capital IQ Consensus of $0.76; revenues fell 2.3% year/year to $2.2 bln vs the $2.21 bln Capital IQ Consensus, primarily due to the adverse impact of currency translation.
- Organic sales were comparable to the prior year as higher selling prices and a reduction in promotional spending were offset by volume declines.
- Co issues guidance for FY16, raises EPS to $2.75-2.83, excluding non-recurring items, from $2.53-2.58 vs. $2.59 Capital IQ Consensus. Sales are now expected to change by -1 to 0% to $8.0-8.08 bln vs. $8.1 bln consensus (previously 0 to +1%), adjusted EBIT to grow by 4 to 7 percent (previously 3 to 5 percent) and adjusted EPS to grow by 4 to 7% (previously 3 to 5%).
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