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Campbell Soup Company ($CPB) Stock Surges on Strong Q3 Earnings
Campbell Soup Company ($CPB) Stock Surges on Strong Q3 Earnings
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Campbell Soup Company’s stock briefly breached the $35 threshold in pre-market trading following a robust third-quarter earnings report. Adjusted EPS of $0.73 surpassed analyst estimates, while revenue climbed to $2.48 billion—bolstered by a 4% sales boost from the Sovos Brands acquisition. The company repurchased $125 million in shares, signaling confidence in its financial trajectory.
Despite a marginal 0.21% weekly dip, the market responded favorably to Campbell’s reaffirmed FY26 outlook and $3 billion in new contracts. Impairment charges slightly dented GAAP net income ($66 million), but adjusted EBITDA margins held steady at 8.4% of revenue—a testament to operational resilience amid broader market volatility.
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