Maar een nieuwe lockdown is mogelijk in de winter.sjos schreef: ↑03 sep 2021 11:21Campbell Soup tops expectations, guides cautiously in front of inflation headwinds
Sep. 01, 2021
Campbell Soup (NYSE:CPB) edges higher after beating sales, EPS and adjusted EBIT expectations with its FQ4 report.
Organic sales fell 4% against the tough pandemic comparable from a year ago, but were 9% higher than the 2019 level. The decline was driven by a 5% decrease in volume and mix as at-home consumption faded and a partial retailer inventory recovery in the prior year played in. Lower promotional spending and favorable price and sales allowances each contributed a 1% increase to sales compared to a year ago. Adjusted gross margin fell to 31.4% of sales from 35.6%. Higher cost inflation and other supply chain costs were partially offset by supply chain productivity improvements and cost savings initiatives.
The company's board approved a $500M strategic share repurchase program. CPB expects to fund the repurchases out of its existing cash flow generation. The repurchase program replaces the suspended $1.5B program, which has been canceled.
"As we head into fiscal 2022, we have robust in-market momentum on our brands, strong plans to manage inflation, and a talented and committed team to lead through what we expect to be a very challenging environment," states CEO Mark Clouse.
Full-year profit guidance from Campbell Soup arrived at $2.75 to $2.85 vs. $2.85 consensus, which is in line with other food companies that have recently guided conservatively with inflation pressures in front of them.
Shares of Campbell Soup (CPB) are up 0.70% in premarket trading to follow on yesterday's 1.88% gain. CPB is on Seeking Alpha's Catalyst Watch this week.
1. CPB is an iconic American brand. It is poorly managed. The stock has done poorly. They pay a satisfactory, if unspectacular, dividend which is easily covered. I think in an all time high market this is worth dipping one's toes in. For a long term investor CPB is a worthy hold. I like to trim my high flyers and add to my underperformers. Never be all in or all out.
2. Well said. I plan to do the same. The best strategy for holding a stock like CPB is to keep its dividend within 90% of your average dividend payout. If the rest of your pack continues to pull away, this will force you to re-think, each year, whether it is worth it to continue holding. Let the market tell you when too slow is too slow. Don't try to get ahead of it. Most of us are not as smart as we think we are.
bron: https://seekingalpha.com/news/3735985-c ... -headwinds
Wat Campbell soup betreft, elke dag schijnen er serieuze M&A te ontstaan in de USA. De voedingssector zal niet achterblijven. Met de inflatie in grondstoffen is het de "pricing power" (het kunnen doorrekenen van de bijkomende kosten aan het clienteel) die het succes van een bedrijf bepaalt.
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