This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Campbell Reports Fourth-Quarter And Full-Year Results

Stocks in this article: CPB

For the full year, sales increased 2 percent to $2.193 billion. A breakdown of the change in sales follows:

  • Volume and mix subtracted 1 percent
  • Price and sales allowances added 5 percent
  • Increased promotional spending subtracted 3 percent
  • Currency added 1 percent

Operating earnings decreased 11 percent to $315 million compared with $355 million in the year-ago period. The decline was primarily due to cost inflation, increased promotional spending and higher advertising, partly offset by higher selling prices and productivity improvements.

International Simple Meals and Beverages

Sales for International Simple Meals and Beverages were $294 million for the fourth quarter, a decrease of 7 percent. Organic sales increased 1 percent. The change in sales reflected the following factors:

  • Volume and mix added 2 percent
  • Price and sales allowances added 3 percent
  • Increased promotional spending subtracted 4 percent
  • Currency subtracted 8 percent

Excluding the impact of currency, higher sales in Latin America, primarily beverage products, were partially offset by declines in Canada, while sales in Europe and in the Asia Pacific region were comparable to the year-ago period.

  • In Canada, sales decreased primarily due to the negative impact of currency and lower beverage sales.
  • In Europe, excluding the negative impact of currency, sales growth in France was offset by lower sales in Germany.
  • In the Asia Pacific region, excluding the negative impact of currency, sales growth in Japan and Malaysia was offset by declines in Australian soup.

Operating earnings were $15 million compared with $24 million in the year-ago period. The decrease in operating earnings was primarily due to cost inflation and increased promotional spending, partly offset by higher selling prices.

5 of 14

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,750.54 +289.22 1.76%
S&P 500 1,956.60 +29.49 1.53%
NASDAQ 4,464.1870 +81.34 1.86%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs