NEW YORK, NY / ACCESSWIRE / September 1, 2017 / Campbell Soup was one of the biggest decliners in the market yesterday after failing to meet forecasts in its fourth quarter financial report. The company's CEO has said the company failed to reach an agreement with a large customer on a promotional program. Dollar General Corporation also saw shares fall despite reporting a stellar second quarter. Traders were more than likely far more impressed with its competitor Dollar Tree's financial results last week.

RDI Initiates Coverage on:

Campbell Soup Company
https://rdinvesting.com/news/?ticker=CPB

Dollar General Corporation
https://rdinvesting.com/news/?ticker=DG

Campbell Soup Company's shares closed down 8.06% yesterday and hit a new 52-week low of $46.20. The stock was one of the biggest decliners on the NYSE on Thursday but also one of the most active with roughly 8.7 million shares traded. Shares fell after the company reported fourth quarter results that did not meet expectations. The New Jersey-based company reported earnings per share of 52 cents after being adjusted for non-recurring gains. This was 3 cents shy of the 55 cents that the Street had forecast. Revenue at $1.66 billion was also short of the $1.69 billion that was expected. This was the eleventh straight quarter that the company has reported a revenue decline. The canned soup company also said it is now expecting full year earnings of $3.04 to $3.11 per share. Yesterday was the lowest level shares have traded at in nearly two years. CEO Denise Morrison commented, "The operating environment for the packaged foods industry remains challenging due to shifting demographics, changing consumer preferences for food, the adoption of new shopping behaviors and the dynamic retailer landscape. In these times, sales growth remains a challenge."

Access RDI?s Campbell Soup Company Research Report at:
https://rdinvesting.com/news/?ticker=CPB

Dollar General Corporation's shares sank on Thursday and closed down 5.43% on nearly 12.5 million shares traded. Despite the drop, the company reported strong fiscal second quarter results. For the period, the Tennessee-based company reported a profit of $1.08 per share. Adjusted EPS for non-recurring costs were $1.10. This was one penny ahead of the $1.09 EPS that analysts had expected. Revenue for the discount retailer came out to $5.83 billion, which was also slightly ahead of the $5.82 billion that analysts had called for. For the full year, the company has increased its expectations for earnings to the range of $4.35 to $4.50 per share. Despite all the good numbers, the company still fell as traders may be focusing more on rival Dollar Tree's financial report last week that revealed a 36% increase in profitability.

Access RDI's Dollar General Corporation Research Report at:
https://rdinvesting.com/news/?ticker=DG

Our Actionable Research on Campbell Soup Company (NYSE: CPB) and Dollar General Corporation (NYSE: DG) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com