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 organic net sales declined 1%, as growth in meals and beverages was offset by weakness in snacks. Adjusted EBIT and EPS fell sharply, with inflation cited as the pressure point. The Campbell's Company [CPB] also outlined a $500M cost savings program and reset its dividend to support deleveraging and margin recovery. Based on The Campbell's Company [CPB] Q4 202…