CPB: Adjusted EBIT and EPS drop as inflation persists; cost savings and dividend reset
Campbell’s organic net sales fell 1% year-over-year, while adjusted EBIT and EPS fell sharply amid inflation and tough comps. The company launched a $500 million cost savings program and a dividend reset to restore margins and accelerate deleveraging.
Organic net sales declined 1% year-over-year, with adjusted EBIT and EPS down sharply due to inflation and tough comps.
A $500 million cost savings program and dividend reset aim to restore margins and accelerate deleveraging amid ongoing market volatility.Based on The Campbell's Company [CPB] Q4 2…