Campbell Soup Q4 organic sales slip; profit and EPS drop
Campbell Soup’s Q4 organic net sales fell 1% as meals and beverages growth was offset by snacks weakness. Adjusted EBIT and EPS dropped on inflation, prompting a $500M cost savings program and a dividend reset.
Q4 saw a 1% organic net sales decline, with meals and beverages growth offset by snacks weakness.
Adjusted EBIT and EPS fell sharply due to inflation, prompting a $500M cost savings program and a dividend reset to support deleveraging and margin recovery.Based on The Campbell's Company [CPB] Q4 202…