Campbell's Analyst Bearish After Q1 Mixed Results
Campbell's Analyst Bearish After Q1 Mixed Results
Snacks net sales were slightly below estimate, with organic sales in-line, though divestiture impacts from Pop Secret were worse than expected. Adjusted gross BofA Securities analyst Peter T. Galbo reiterated an Underperform rating on Campbell's Co. (NASDAQ:CPB), with a price target of $46.
美国银行证券的分析师彼得·T·加尔博重申了对坎贝尔公司（纳斯达克：CPB）的表现不佳评级，目标价格为46美元。
The company's first-quarter net sales of $2.77 billion were slightly below estimates, with organic sales down 1% YoY, impacted by lower volume/mix and pricing.
该公司第一季度净销售额为27.7亿，稍低于预期，年同比的有机销售下降了1%，受到成交量/组合和定价的影响。
Meals & Beverages net sales were lower than expected, with organic sales 1.5 points below, driven by lower volume and price. The Sovo Brand contribution was higher than expected, at $310 million.
餐饮和饮料的净销售额低于预期，有机销售低了1.5个百分点，主要受成交量和价格的影响。Sovo品牌的贡献超过预期，达到了31000万。
Snacks net sales were slightly below estimate, with organic sales in-line, though divestiture impacts from Pop Secret were worse than expected. Adjusted gross margin of 31.4% was 40bps below estimate, mainly due to the Sovo Brand acquisition.
零食的净销售额略低于预期，有机销售持平，尽管由于Pop Secret的剥离影响比预期更糟。调整后的毛利率为31.4%，比预期低40个基点，主要是由于Sovo品牌的收购。
Also Read: UnitedHealthcare CEO Brian Thompson Fatally Shot Outside NYC Hotel
另请阅读：联合健康公司首席执行官布莱恩·汤普森在纽约市酒店外遭枪杀。
Adjusted operating income of $432 million exceeded estimates by $3 million, largely due to lower marketing and selling costs, the analyst noted.
调整后的营业收入为43200万，超出预期300万，主要由于降低了市场营销和销售成本，分析师指出。
The company announced Mark Clouse, president and CEO, will retire in January 2025 to become president of the NFL's Washington Commanders. Mick Beekhuizen, currently president of Campbell's Meals & Beverages and former CFO, will succeed him.
该公司宣布，董事会主席兼首席执行官马克·克劳斯将在2025年1月退休，成为NFL华盛顿指挥官队的总裁。现任坎贝尔餐饮和饮料业务总裁及前首席财务官米克·比克海赞将接任。
Beekhuizen is familiar to the investment community and will take over Campbell's updated long-term growth plan from the September 2024 investor day, the analyst wrote.
比克海赞对投资社区很熟悉，将接管坎贝尔更新的长期增长计划，该计划在2024年9月的投资者日上公布，分析师写道。
CPB Price Action: Campbell shares are trading lower by 5.85% to $42.87 at last check Wednesday.
CPb价格动态：在周三的最后检查中，康宝莱的股票下跌5.85%，报42.87美元。
- Walmart, Target, Bath & Body Works Stand Out As Black Friday Winners: Analysts
- 沃尔玛、塔吉特、沐浴与身体护理在黑色星期五中脱颖而出：分析师
Photo: JHVEPhoto via Shutterstock
照片：JHVEPhoto via shutterstock