Campbell Soup Boosts FY19 Adj. EPS Outlook - Quick Facts

(RTTNews) - While reporting financial results for the third quarter on Wednesday, Campbell Soup Co. (CPB) raised its adjusted earnings guidance to reflect improved earnings outlook for the full-year 2019, but lowered net sales guidance to reflect the impact of the Campbell Fresh divestitures.

For fiscal 2019, the company now projects adjusted earnings in the range of $2.50 to $2.55 per share on net sales between $9.075 billion and $9.125 billion.

Previously, the company expected adjusted earnings in the range of $2.45 to $2.53 per share on net sales between $9.975 billion and $10.100 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $2.47 per share on net sales of $9.94 billion for the year. Analysts' estimates typically exclude special items.