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published in Blogs
Nov 26, 2022
Campbell Soup (CPB, $53.04) meets fiscal Q4 earnings expectations; signs 12-year green energy deal

Campbell Soup (CPB, $53.04) meets fiscal Q4 earnings expectations; signs 12-year green energy deal

Campbell Soup Company reported fiscal Q4 earnings in line with expectations.

For the three months ending September 1st, the food company’s earnings came in at $0.56 per share, matching the consensus. The figure is above the year-ago quarter’s $0.55 per share.

 Revenue of $1.99 billion was slightly higher than the year-ago quarter’s $1.98 billion.

Earlier in the week,  Campbell Soup entered into a 12-year renewable power purchase agreement with Enel North America, effective July 2023. In a move to go greener, Campbell Soup will purchase  electricity from Enel’s Seven Cowboy wind turbine project, reducing its Scope 2 GHG emissions. Campbell intends to lower its combined Scope 1 and 2 GHG emissions 42% by 2030.

Related Tickers: CPB