Campbell's first quarter was less than 'souper'

The company reports a 30% plunge in fiscal first-quarter earnings, sending investors running for the hills.

By Motley Fool Investor Beat Nov 19, 2013 4:33PM
It's not a great day to be a Campbell Soup (CPB) investor. The 144-year-old food conglomerate announced rather grim first-quarter earnings results Tuesday morning, and further depressed investors by lowering guidance for the 2014 fiscal year.

Campbell reported a stunning 30% plunge in earnings, with EPS coming in at 54 cents. The Street had been expecting earnings of 86 cents per share. Campbell's revenue also came in below expectations, declining 2% to $2.17 billion. Analysts were looking for revenue of $2.29 billion.
Campbell was dinged by higher marketing costs, as well as a continuing decline in its core soup business.

Motley Fool analyst Taylor Muckerman believes it was a terrible quarter for Campbell soup, though he sees a small bright spot in the report: snack foods. Family preparing food © ERproductions Ltd, Blend Images, Getty Images

Campbell's sales in its international baking and snack segment actually increased 6%. But the negatives in the report easily outweigh that one hint of good news, and Campbell's sapped momentum makes it an unattractive stock.

The Motley Fool's 12 top stocks for 2013 are now available! So if you're tired of picking stocks out of a hat and hoping that one skyrockets, check out Stocks 2013: The Investor's Guide to the Year Ahead. It's The Motley Fool's current top report, and includes Chief Investment Officer Andy Cross's top stock for 2013! This under-the-radar company is the secret winner in the war for the last precious drops of oil on the planet. Find out what it is and how you can take advantage of this unseen company's huge profits in this special, free report, just click here now.

More on Top Stocks
1Comment
Nov 19, 2013 4:59PM
avatar
Times are tough and Ramen noodles are cheaper
Report
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
Categories
100 character limit
Are you sure you want to delete this comment?

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

STOCK SCOUTER

StockScouter rates stocks from 1 to 10, with 10 being the best, using a system of advanced mathematics to determine a stock's expected risk and return. Ratings are displayed on a bell curve, meaning there will be fewer ratings of 1 and 10 and far more of 4 through 7.

126
126 rated 1
286
286 rated 2
474
474 rated 3
680
680 rated 4
626
626 rated 5
609
609 rated 6
620
620 rated 7
462
462 rated 8
304
304 rated 9
132
132 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
AAPLAPPLE Inc10
BIDUBAIDU Inc10
BXTHE BLACKSTONE GROUP L.P10
CELGCELGENE CORP10
FOXATWENTY-FIRST CENTURY FOX Inc CLASS A10
More

VIDEO ON MSN MONEY

ABOUT

Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.

Contributors include professional investors and journalists affiliated with MSN Money.

Follow us on Twitter @topstocksmsn.