Research Desk Line-up: General Mills Post Earnings Coverage

LONDON, UK / ACCESSWIRE / September 22, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Campbell Soup Co. (NYSE: CPB), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=CPB, following the Company's posting of its financial results on August 31, 2017, for the fourth quarter fiscal 2017. The Company's operating income increased 6.8% on a y-o-y basis. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

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Get more of our free earnings reports coverage from other constituents of the Processed & Packaged Goods industry. Pro-TD has currently selected General Mills, Inc. (NYSE: GIS) for due-diligence and potential coverage as the Company reported on September 20, 2017, its financial results for Q1 FY18 which ended on August 27, 2017. Register for a free membership today, and be among the early birds that get access to our report on General Mills when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on CPB; also brushing on GIS. With the links below you can directly download the report of your stock of interest free of charge at:

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Earnings Reviewed

For three months ended July 30, 2017, Campbell Soup's net revenue decreased 1% to $1.66 billion from $1.69 billion in Q4 FY16. For the reported quarter, the Company's organic net revenue decreased 1% to $1.66 billion on a y-o-y basis. Net revenue was below analysts' expectations of $1.69 billion.

During Q4 FY17, Campbell Soup's gross profit increased 31% to $715 million from $546 million in Q4 FY16. For the reported quarter, the Company's gross margin increased 1080 basis points to 43.1% of revenue from 32.3% of revenue in Q4 FY16. During Q4 FY17, the Company's adjusted gross margin increased 80 basis points to 36.9% of revenue from 36.1% of revenue in Q4 FY16.

For the reported quarter, Campbell Soup's M&S expenses decreased 33.8% to $143 million from $216 million in Q4 FY16. During Q4 FY17, the Company's administrative expenses decreased 53.5% to 86 million from $185 million in the same period last year. For the reported quarter, the Company's research and development (R&D) expenses decreased 47.4% to $20 million from $38 million in the same period last year.

During Q4 FY17, Campbell Soup's operating income increased 6.8% to $299 million from $280 million in Q4 FY16. For the reported quarter, the Company's operating margin increased 140 basis points to 18% of revenue from 16.6% of revenue in Q4 FY16. During Q4 FY17, the Company's net interest expenses decreased 17.9% to $23 million from $28 million in the same period last year.

For the reported quarter, the Company's effective tax rate was 23.7% compared to 24.6% in Q4 FY16. During Q4 FY17, the Company's adjusted effective tax rate was 37.2% compared to 36.4% in the same period last year.

During Q4 FY17, Campbell Soup's net income was $318 million compared to net loss of $81 million in Q4 FY16. For the reported quarter, the Company's adjusted net income increased 11.2% to $159 million on a y-o-y basis from $143 million in Q4 FY16. During Q4 FY17, Campbell Soup's diluted EPS was $1.04 compared to negative $0.26 in Q4 FY16. For the reported quarter, the Company's adjusted diluted EPS increased 13% to $0.52 on a y-o-y basis from $0.46 in Q4 FY16. Adjusted diluted EPS was below analysts' expectations of $0.55.

Campbell Soup's Segment Results

During Q4 FY17, Americas Simple Meals and Beverages segment's net revenue decreased 3.2% to $815 million from $842 million in Q4 FY16. During Q4 FY17, the Global Biscuits and Snacks segment's net revenue increased 32 basis points to $624 million from $622 million in Q4 FY16. During Q4 FY17, the Campbell Fresh segment's net revenue increased 90 basis points to $225 million from $223 million in Q4 FY16.

Balance Sheet

As on July 30, 2017, Campbell Soup's long-term debt increased 8.2% to $2.50 billion from $2.31 billion in Q4 FY16.

For FY17, Campbell Soup's cash provided by operating activities decreased 13.4% to $1.29 billion from $1.49 billion in FY16.

Outlook

For FY18, Campbell Soup expects revenue growth to be in the range of negative 2%-0% and estimates adjusted EPS to be in the range of $3.04 -$3.11.

Stock Performance

At the close of trading session on Thursday, September 21, 2017, Campbell Soup's stock price slipped 1.83% to end the day at $45.66. A total volume of 3.89 million shares were exchanged during the session, which was above the 3-month average volume of 2.10 million shares. The Company's shares are trading at a PE ratio of 15.82 and have a dividend yield of 3.07%. At Thursday's closing price, the stock's net capitalization stands at $13.62 billion.

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