Campbell's Company Faces Potential Earnings Risk Due To Consumer Challenges: Analysts
Campbell's Company Faces Potential Earnings Risk Due To Consumer Challenges: Analysts
Despite the challenging consumer environment, which is still affecting performance, management has kept its FY25 guidance intact and expects steady growth in sales and market share in the second quarter, which should continue into the second half of the year.The Campbell's Company (NASDAQ:CPB) shares are trading lower on Thursday.
金宝汤公司（纳斯达克：CPB）股票在周四交易下跌。
RBC Capital Markets analyst Nik Modi reiterated the Sector Perform rating on the stock, with a price forecast of $51.
RBC资本市场的分析师Nik Modi重申了该股票的板块表现评级，价格预测为51美元。
According to the analyst, Sovos' results were better than expected and helped support M&B, while the Salty Snacks and Cookies subcategories faced competition that negatively impacted the overall Snacks segment.
分析师表示，Sovos的业绩好于预期，帮助支持M&b，而咸味零食和饼干子类面临的竞争对整体零食部门产生了负面影响。
Despite the challenging consumer environment, which is still affecting performance, management has kept its FY25 guidance intact and expects steady growth in sales and market share in the second quarter, which should continue into the second half of the year.
尽管具有挑战性的消费环境仍在影响业绩，但管理层保持了对2025财年的指导，预计第二季度销售和市场份额将保持稳定增长，这种增长将持续到下半年。
However, the analyst is less optimistic about the consumer market and CPB's categories than management is, which creates potential risks to earnings in Modi's view.
然而，分析师对消费市场和CPB的类别的看法不如管理层乐观，这在Modi看来可能对盈利构成潜在风险。
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The analyst notes that, in response to the first quarter results, Modi has adjusted their estimates for FY25 net sales growth to +9.2%, which remains unchanged, while organic sales growth is now projected at +0.4%, down from the previous estimate of +0.7%.
分析师指出，作为对第一季度业绩的回应，Modi已将对2025财年净销售增长的预估调整为+9.2%，保持不变，而有机销售增长现在预计为+0.4%，低于之前的+0.7%。
The analyst remains at the lower end of the guided ranges due to a slightly more cautious outlook on the momentum of the packaged food category compared to CPB management's perspective.
由于对包装食品类别的动能持略微谨慎的 outlook，分析师仍处于指导范围的下端，这与CPB管理层的观点相比。
Piper Sandler analyst Michael S. Lavery reiterated the Overweight rating on the stock, with a price forecast of $56, suggesting that the spending step-up is a near-term drag.
派杰投资分析师Michael S. Lavery重申对该股票的增持评级，价格预测为56美元，暗示支出增加是短期内的拖累。
Lavery forecasts the second quarter of 2025 EPS to decline but projects average gains of 7-8% over the next six quarters. As a result, the analyst lowered the FY25 EPS estimate from $3.21 to $3.14 and the FY26 EPS estimate from $3.38 to $3.33.
Lavery预测2025年第二季度的每股收益将下降，但预计未来六个季度的平均增幅为7-8%。因此，分析师将2025财年的每股收益预估从3.21美元下调至3.14美元，将2026财年的每股收益预估从3.38美元下调至3.33美元。
In the second quarter of 2025, the analyst looks for sequential improvement in volume and share gains.
在2025年第二季度，分析师预计成交量和市场份额将实现环比改善。
The Campbell's Company is continuing to invest in Rao's innovation and marketing in FY25.
金宝汤公司在2025财年继续投资于Rao's的创新和营销。
The company is focusing on expanding into white sauces, which provides greater production flexibility since it doesn't rely on Italian tomatoes. Additionally, Rao's has potential for geographic expansion in Canada, the analyst writes.
该公司专注于拓展白酱类产品，因为这提供了更大的生产灵活性，因为它不依赖于意大利番茄。此外，分析师写道，Rao's在加拿大有地理扩张的潜力。
Price Action: CPB shares are trading lower by 0.49% to $42.48 at last check Thursday.
价格走势：截至星期四最后检查，金宝汤的股票下跌0.49%至42.48美元。
- Campbell's Analyst Bearish After Q1 Mixed Results
- 金宝汤分析师在第一季度业绩喜忧参半后看淡。
Photo by JHVEPhoto via Shutterstock
照片由JHVEPhoto通过Shutterstock提供
