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.
金寶湯公司（納斯達克：CPB）股票在週四交易下跌。
RBC Capital Markets analyst Nik Modi reiterated the Sector Perform rating on the stock, with a price forecast of $51.
RBC資本市場的分析師Nik Modi重申了該股票的板塊表現評級，價格預測爲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.
分析師表示，Sovos的業績好於預期，幫助支持M&b，而鹹味零食和餅乾子類面臨的競爭對整體零食部門產生了負面影響。
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.
儘管具有挑戰性的消費環境仍在影響業績，但管理層保持了對2025財年的指導，預計第二季度銷售和市場份額將保持穩定增長，這種增長將持續到下半年。
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，分析師對消費市場和CPB的類別的看法不如管理層樂觀，這在Modi看來可能對盈利構成潛在風險。
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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%.
分析師指出，作爲對第一季度業績的回應，Modi已將對2025財年淨銷售增長的預估調整爲+9.2%，保持不變，而有機銷售增長現在預計爲+0.4%，低於之前的+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.
由於對包裝食品類別的動能持略微謹慎的 outlook，分析師仍處於指導範圍的下端，這與CPB管理層的觀點相比。
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.
派傑投資分析師Michael S. Lavery重申對該股票的增持評級，價格預測爲56美元，暗示支出增加是短期內的拖累。
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預測2025年第二季度的每股收益將下降，但預計未來六個季度的平均增幅爲7-8%。因此，分析師將2025財年的每股收益預估從3.21美元下調至3.14美元，將2026財年的每股收益預估從3.38美元下調至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，分析師預計成交量和市場份額將實現環比改善。
The Campbell's Company is continuing to invest in Rao's innovation and marketing in FY25.
金寶湯公司在2025財年繼續投資於Rao's的創新和營銷。
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.
該公司專注於拓展白醬類產品，因爲這提供了更大的生產靈活性，因爲它不依賴於意大利番茄。此外，分析師寫道，Rao's在加拿大有地理擴張的潛力。
Price Action: CPB shares are trading lower by 0.49% to $42.48 at last check Thursday.
價格走勢：截至星期四最後檢查，金寶湯的股票下跌0.49%至42.48美元。
- Campbell's Analyst Bearish After Q1 Mixed Results
- 金寶湯分析師在第一季度業績喜憂參半後看淡。
Photo by JHVEPhoto via Shutterstock
照片由JHVEPhoto通過Shutterstock提供
