Income Positive Again, Sales Faded

For the second quarter 2019 Campbell Soup Co earnings turn positive of $3.97 per share compare to $-0.20 a year ago and eps more than doubled by 621.82 % from $0.55 per share from the previous quarter.

Sales crumbled by -20.31 % to $2.16 billions from $2.71 billions in the same quarter a year ago and sequentially Sales decreased by -0.96 % from $2.18 billions.


Sales have contracted due the decrease in revenues in U.S. Simple Meals -2.51%, Biscuits -11.94%, International Simple Meals or Beverages -24.47%, North America Foodservice -1.8%, U.S. Beverages -10.33%.
U.S. Simple Meals segment with 3.51% is solely responsible for the income gain, Campbell Soup Co continued, while company logged declining profits in Biscuits -25.51%, International Simple Meals or Beverages -47.62%, North America Foodservice -3.45%, U.S. Beverages -23.26%. This made Company profitable again in the second quarter 2019, with $1,208.000 millions, an increase from net loss of $-59.000 millions in the second quarter 2019 a year ago. Campbell Soup Co also emphasized it's improving profit margins, where net margin rose to 55.87% in second quarter 2019, and operating margin edged up to 16.19%. Campbell Soup Co provided annual earnings per share guidance between $2.53 and $ 2.58, while on the sales side company expects to achieve revenues between $8,082 millions and $8,163 millions.


Campbell Soup Co is expected to report next financial results on September 04, 2020.