Campbell Soup Company Reaffirms FY 2012 Guidance

Campbell Soup Company confirmed its previous fiscal 2012 guidance. Campbell expects net sales growth to be between 0% and 2%, a decline in adjusted EBIT of between (9)% and (7)% and a decline in adjusted EPS of between (7)% and (5)%, putting adjusted EPS in the range of $2.35 to $2.42, from fiscal 2011 adjusted base of $2.54. The Company reported revenue of $7.719 billion and EBIT of $1.342 billion in fiscal 2011. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EBIT of $1.225 billion and EPS of $2.36 for fiscal 2012.