Campbell Soup Company Earning Rise as Expenses Fall, Reported by Chartpoppers.com

November 24, 2009

(EMAILWIRE.COM, November 24, 2009 ) Point Roberts, WA - Chartpoppers.com announces an investment report featuring company Campbell Soup Co. (NYSE:CPB)

Campbell Soup Company (Campbell) is a global manufacturer and marketer of food products. The Company is organized in four segments: U.S. Soup, Sauces and Beverages; Baking and Snacking; International Soup, Sauces and Beverages, and North America Foodservice. On September 29, 2008, the Company sold its sauce and mayonnaise business comprised of products sold under the Lesieur brand in France. .

Recent News on Campbell Soup Co. (NYSE:CPB)

Price-conscious grocery shoppers are being choosy about what they buy to cook at home, even from the value-oriented Campbell Soup Co.
The company reported Monday that its first quarter profit rose 17 percent with the help of lower costs from increased efficiency in getting its products from its plants to store shelves, as well as lower prices for grain ingredients.
But revenue fell 2.1 percent to $2.2 billion with dips in sales for most of its categories, ranging from condensed soup to Prego pasta sauce.
Earnings were $304 million, or 87 cents per share, in the first quarter, up from $260 million, or 70 cents per share, a year ago. But the company says the year-ago profit figure included one-time charges, including some related to closing facilities in Australia and Canada and restructuring management, that made it look worse than it was. Excluding the year-ago charges, adjusted earnings per share was 76 cents.
The higher profit is another sign that the inflation that socked ingredient and packaging prices last year is over. The company said that lower grain prices have more than offset inflation for tin and tomato paste.
The Camden-based company also raised its guidance for the rest of the fiscal year.
The company's shares rose 48 cents, or 1.4 percent, to close at $34.60 Monday.

To view the Consolidated Investment Analysis on Campbell Soup Co. (NYSE:CPB) Please visit the stock pulse page at http://www.chartpoppers.com/stock%20pulse/

In the report chartpoppers.com covers a recent financial Summary, Analyst Consensus, Technical Analysis, Comparative Analysis and Insider Trading Activity.

The full report is available at http://www.chartpoppers.com

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