![]() ![]() ![]() Digging deeper into the results shows that all revenue gains come from price increases (Exhibit 3). The company's star performer is its Goldfish brand, approaching nearly $1 billion in sales (Exhibit 2). ![]() The management grew organic sales by 13% and adjusted EPS by 16% (Exhibit 1). Price increases prop-up sales.Ĭampbell Soup reported excellent Q2 2023 results. Long-term investors should wait for a pullback in the valuation of the consumer staples companies before buying Campbell Soup. The company has strong brands, which the consumer loves, but short-term investors have taken refuge in the consumer staples sector and Campbell Soup during these volatile times. Most of the stock's returns in the past are due to its dividends, and investors should be uncompromising in expecting a good yield before investing. The stock has to yield a dividend of 3% before I consider adding more to my portfolio. This stock remains fully valued and would be rated a hold. ![]() The stock has gone sideways since then, returning 3.6% (total return) compared to a return of 2.3% for the S&P 500 Index. I rated Campbell Soup ( NYSE: CPB) a hold in December 2022 due to its lofty valuation. ![]()
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