- Campbell Soup (CPB +2.9%) raised annual EPS guidance to $2.75-$2.83 from $2.53-$2.58 prior. The mark tops the consensus estimate of analysts.
- The improved outlook is based off of some strong pricing trends and a reduced level of promotions. It also comes amid a broad shift by the company to healthier products.
- During Q3, Campbell reported organic sales held steady.
- Shares of CPB hit a 52-week high of $52.48 before falling back a bit.
- Previously: Campbell Soup beats by $0.19, misses on revenue (Nov. 24 2015)