Campbell Soup Company Reaffirms FY 2012 Guidance

Campbell Soup Company announced that the acquisition of Bolthouse Farms was not contemplated in Campbell’s previous guidance concerning its projected financial results for fiscal 2012. The Company said that, excluding acquisition costs, it remains on track to deliver results consistent with that guidance, with fiscal 2012 sales growth expected to be near the low end of the previously forecast range of 0% to 2%; adjusted EBIT expected to decline at a level near the low end of the previously forecast range of 7% to 9%; and adjusted EPS expected to decline at a level near the upper end of the previously forecast range of 5% to 7%. The Company reported revenue of $7.719 billion and EBIT of $1.342 billion in fiscal 2011.