Campbell Soup’s Upcoming Q4 Earnings Preview
<p>Deutsche Bank analysts shared their outlook on <a href='https://financialmodelingprep.com/financial-summary/CPB'>Campbell Soup Company (NYSE:CPB)</a> ahead of the upcoming Q4 earnings, scheduled to be reported on September 1.</p>
<p>Going into Q4 earnings, the company’s tracked channel consumption growth stepped up sequentially to 8.6% in the 13 weeks ending 7/30/22 (vs. 4.8% in Q3). </p>
<p>Although the analysts view the company's volume erosion and market share losses as somewhat concerning and something to monitor, they mentioned they are encouraged by the dollar-based value growth and price realization as related to their near-term financial forecasts—i.e., better offsetting inflation headwinds and allowing for better prospective gross margin improvement alongside A&P, R&D, and capabilities reinvestments. The analysts raised their price target to $50 from $49, while reiterating their Hold rating.</p>

NYSE:CPB