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.
美銀證券分析師Peter t. Galbo重申對Campbell's Co.（納斯達克:CPB）的負面評級，目標價格爲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.
該公司第一季度淨銷售額爲27.7億美元，略低於預期，有機銷售同比下降1%，受成交量/組合和定價的影響。
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.
餐飲及飲料淨銷售額低於預期，有機銷售低於1.5個百分點，主要受成交量和價格的影響。Sovo品牌的貢獻超出預期，達到31000萬美元。
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.
零食淨銷售略低於預期，有機銷售符合預期，儘管 Pop Secret 的剝離對公司的影響超出預期。調整後的毛利率爲31.4%，比預期低40個點子，主要是由於 Sovo 品牌的收購。
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Adjusted operating income of $432 million exceeded estimates by $3 million, largely due to lower marketing and selling costs, the analyst noted.
分析師指出，調整後的運營收入爲43200萬美元，超出預期300萬美元，主要是由於較低的營銷和銷售成本。
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.
該公司宣佈，總裁兼首席執行官 Mark Clouse 將於2025年1月退休，出任NFL 華盛頓指揮官隊總裁。目前擔任Campbell's 餐飲及飲料總裁兼前首席財務官的Mick Beekhuizen將接任他的職務。
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.
分析師寫道，Beekhuizen爲投資社區所熟悉，將接管Campbell's 從2024年9月投資者日起更新的長期增長計劃。
CPB Price Action: Campbell shares are trading lower by 5.85% to $42.87 at last check Wednesday.
CPB價格走勢：週三最後一次查詢時，坎貝爾股票下跌5.85％，報42.87美元。
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Photo: JHVEPhoto via Shutterstock
圖片：JHVEPhoto通過shutterstock
