The total aggregate impact was $4 million after tax, or $.01 per share. The results of the business through the date of sale are reflected in continuing operations within the Snacks segment. Organic net sales, which exclude the impact from the additional week in the quarter and the impact from the sale of the European chips business, increased 12% from the prior year driven by favorable volume in both Meals & Beverages and Snacks reflecting a continued increase in demand as at-home food consumption remained elevated. Campbell will post pre-recorded management remarks and related presentation today at approximately 7:15 a.m. We’re constantly looking for great new Campbell's coupons. Campbell Soup sees Q2 2021 EPS of $0.81-$0.83, versus the consensus of $0.84. powered by turnkey merchandise programs, llc. The dividend will be payable on … Gross margin performance declined in the quarter as the benefits of cost savings initiatives and supply chain productivity improvements, as well as favorable product mix and improved operating leverage, were more than offset by higher supply chain costs related to COVID-19 and cost inflation. Fiscal 2019 had 52 weeks. Cash flows from operations of $1.40 billion were comparable to the prior year. Corporate Participants: Rebecca Gardy — Vice President of Investor Relations. Excluding items impacting comparability, adjusted EBIT increased 22% to $307 million as higher sales volumes, including the benefit of the additional week in the quarter, and improved gross margin performance, were offset partly by increased marketing investment and higher adjusted administrative expenses. Our Purpose. In addition, the company recorded tax expense of $29 million as deferred tax assets on Bolthouse Farms were not realizable. Consequently, management believes that investors may be able to better understand its results excluding these items. Organic net sales are net sales excluding the impact of currency, acquisitions, divestitures, and the additional week in fiscal 2020. Total fiscal 2020 savings were $165 million. Excluding items impacting comparability, adjusted EPS increased 28% to $2.95 per share reflecting the increase in adjusted EBIT and lower adjusted net interest expense. is not affiliated with CSC Brand LP and CSC Brand … The period ended August 2, 2020 had 14 weeks. In the fourth quarter of fiscal 2019, the company incurred pre-tax expenses of $1 million (a gain of $1 million after tax) associated with the sale process of Campbell Fresh, including transaction costs. Excluding items impacting comparability, adjusted administrative expenses increased by $30 million, or 22%, with approximately one half of the increase driven by the estimated impact of the additional week in the quarter on general administrative costs. Marketing and selling expenses increased 36% to $265 million. Magical Realm Campbell Wall Calendar By … Earnings (loss) from discontinued operations, Net earnings attributable to Campbell Soup Company, Earnings from continuing operations attributable to Campbell Soup Company. Campbell Soup Company CPB is scheduled to release first-quarter fiscal 2021 numbers on Dec 9. Personalize your space and organize your life with Calendars.com. 24, 2020– Campbell Soup Company (NYSE:CPB) today announced that it will report its first-quarter fiscal 2021 … Excluding items impacting comparability, adjusted EPS increased 50% to $0.63 per share, reflecting an increase in adjusted EBIT, as well as lower net interest expense and a lower adjusted effective tax rate. Campbell Soup raised its quarterly dividend to 37 cents per share from 35 cents per share, payable on Feb. 1, 2021 to shareholders of record as of close of business on Jan. 9, 2021. In the fourth quarter of fiscal 2019, as part of the company's annual review of intangible assets, the company recognized an impairment charge of $7 million on a trademark and $10 million on goodwill in Kelsen due to a lower long-term outlook for sales and the pending sale of the business. Sustainable Operations. In the first quarter of fiscal 2020, the company recorded Restructuring charges of $3 million and implementation costs and other related costs of $8 million in Administrative expenses (aggregate impact of $8 million after tax, or $.03 per share) related to these initiatives. In the third quarter of fiscal 2020, the company recognized a loss in Other expenses / (income) of $45 million ($35 million after tax, or $.12 per share) as a result of the pending sale. The materials will be available at investor.campbellsoupcompany.com/events-and-presentations. Campbell Soup (NYSE:CPB) - Equities researchers at Jefferies Financial Group upped their Q2 2021 earnings per share estimates for Campbell Soup in a note issued to investors on Wednesday, … College of Arts & Sciences, Sch of Ed., Sch of Engr. The … Net sales increased 7% to $8.69 billion. 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