Campbell Soup Profit Up

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by Jason Sanders | September 11, 2008 at 08:41 am
2254 views | 13 Recommendations | 51 comments

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The United States may be in a recession (or is it a depression now?), but, despite that, Campbell Soup Co has posted higher profits this quarter due to increased soup prices. They're also forecasting a 5-7 percent increase in earnings in 2009.

U.S. soup sales rose 6 percent in the quarter, excluding the impact of an extra week in the fiscal year. That follows on a 3 percent drop in U.S. soup sales in the previous quarter.

Overall, profit was $89 million, or 24 cents a share, in the company's fiscal fourth quarter, ended Aug. 3, compared with $61 million or 16 cents a share, a year earlier.

Excluding restructuring items, Campbell earned 26 cents a share. On that basis, analysts forecast 25 cents a share, according to Reuters Estimates.

Sales rose 13 percent to $1.72 billion, though much of the increase was due to the extra week in the quarter and the benefit of the weak dollar, which boosts the dollar-value of sales overseas.

Source: reuters.com

It's kind of sad that the key indicator to out changing world economy is going to be a–now–expensive tin can of tomato soup.

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Most RecentMost Recommended Comments (51)

recommend This comment thread is now closed
2
lucindalunacy
lucindalunacy

at 09:35 on September 11th, 2008

lucindalunacy has contributed a photo to this story.

0
master_jim2008
master_jim2008

at 09:38 on September 11th, 2008

Pretty soon, especially if McCain gets elected, we'll see top ramen profits rising because THAT will be all we'll be able to afford

0
Jason Sanders
Jason Sanders

at 09:46 on September 11th, 2008

Yep, start investing in Kraft Dinner.

0
ntoper
ntoper

at 09:54 on September 11th, 2008

photo taken in a US supermarket. I really like Pop Art so I simply could not resist

ntoper has contributed a photo to this story.

0
aerisrinoa123
aerisrinoa123

at 10:19 on September 11th, 2008

All I know is...

this is some gooood soup!

aerisrinoa123 has contributed a photo to this story.

0
H1N5
H1N5

at 10:59 on September 11th, 2008

H1N5 has contributed a photo to this story.

0
exceptlightning
exceptlightning

at 11:19 on September 11th, 2008

I've never paid too much attention to the cost of canned soup, but my father will occasionally have a tangent about how he used to only pay such-and-such. So when I was in Japan and found myself in a market catering to international foods, I couldn't help but shoot this photo of canned soup prices for my father.

exceptlightning has contributed a photo to this story.

0
Oleg Mirabo
Oleg Mirabo

at 11:23 on September 11th, 2008

This image on a wall of the house in St.-Petersburg (Russia), in the Rubinshtein street.

Oleg Mirabo has contributed a photo to this story.

0
jackbyte.net
jackbyte.net

at 12:25 on September 11th, 2008

Cream of David Schwimmer...not my favorite soup.

jackbyte.net has contributed a photo to this story.

0
klang
klang

at 12:34 on September 11th, 2008

Swedish Tomato Soup

Wrote has contributed a photo to this story.

0
arkwrangler
arkwrangler

at 12:41 on September 11th, 2008

For the cure.
Pink soup cans in support of cancer research.

"Your purchase of this can will help Campbell make a donation in support of breast cancer awareness."

"Together we can make a difference."

Photo taken with Samsung Muse Cameraphone.

arkwrangler has contributed a photo to this story.

0
plainandsimpleman63
plainandsimpleman63

at 12:46 on September 11th, 2008

i did this picture.
i always loved warhol and this was my tribute to andy. i also did a laminate for p funk in 2001 with a campbell soup theme. it's somewhere out there or i'll try to post it somewhere

plainandsimpleman63 has contributed a photo to this story.

0
Pascal Villa
Pascal Villa

at 12:49 on September 11th, 2008

Campbell's Soup Cans
(Andy Warhol, 1962)
Synthetic polymer paint on canvas
Each 50.8 × 40.6 cm, 20 × 16
(32 canvas series displayed by year of introduction)
in Museum of Modern Art, New York, NY (August 2008)

Pascal Villa has contributed a photo to this story.

0
marcodroks
marcodroks

at 14:20 on September 11th, 2008

The Collection | Andy Warhol. Campbell's Soup Cans. 1962
Photograph taken at the MoMa, January of 2008
-Marco Rodriguez

marcodroks has contributed a photo to this story.

0
luca pedrotti
luca pedrotti

at 14:54 on September 11th, 2008

Campbell in London.

luca pedrotti has contributed a photo to this story.

0
turtlemom4bacon
turtlemom4bacon

at 15:17 on September 11th, 2008

Campbell's Tomato Soup and grilled cheese sandwich...ummmm, ummmm, good!!!!

apple_jamz
apple_jamz
flagged this story as Good Stuff

at 15:27 on September 11th, 2008

Jason Sanders, I like this story. It's good stuff.

I love soup

0
Jason Sanders
Jason Sanders

at 17:09 on September 11th, 2008

Thanks apple_jamz! I recommend taking this stories with a bowl of soup

0
Peter Perceval
Peter Perceval

at 15:31 on September 11th, 2008

New Consumerism
18 X 24 Acylic on Arches
Peter Michael Perceval III
Leafnibbler@gmail.com

Peter Perceval has contributed a photo to this story.

Wino
Wino
flagged this story as Good Stuff

at 17:02 on September 11th, 2008

Jason Sanders, I like this story. It's good stuff.

Souper!

0
Jason Sanders
Jason Sanders

at 17:09 on September 11th, 2008

Thanks for the GS Wino! Souper dooper!

0
roberta fallon
roberta fallon

at 17:15 on September 11th, 2008

Life imitating art imitating life. These cans are Andy Warhol commemorative soup cans. Campbell's pr guys told me they were going to work with other artists to make art and soup come together again! Lots of tomato soup fueling that art and soup collaboration!

roberta fallon has contributed a photo to this story.

dunkelberg
dunkelberg
flagged this story as Good Stuff

at 17:21 on September 11th, 2008

I wonder how many actual units did they sell?  How many still are on the  shelves?


0
Jason Sanders
Jason Sanders

at 05:40 on September 15th, 2008

I'm not sure, I was trying to figure that out from their financial statements, but to no avail: http://finance.google.com/finance?fstype=bi&q=NYSE:CPB

Maybe you can! Thanks for the GS dunkelberg.

0
ginas view
ginas view

at 18:01 on September 11th, 2008

ginas view @Flickr.com has contributed a photo to this story.

0
Decomprose
Decomprose

at 18:11 on September 11th, 2008

Thanks for the interesting story Jason. It is quite possible that as our Bush economy continues to deteriorate a growing number of people may turn to soup as a meal replacer. This may be reflected in continued profits for Campbell and other soup manufacturers. Many people who have been laid off may be enjoying soup or ramen more often.

0
Jason Sanders
Jason Sanders

at 21:05 on September 11th, 2008

That's interesting. I can definitely see people turning to cheaper, nonperishable sources of sustenance. All we have to do is look back at the war years and see how people survived on meager rations.

0
pablo.diaz
pablo.diaz

at 18:16 on September 11th, 2008

=D

pablo.diaz has contributed a photo to this story.

0
ixoye307
ixoye307

at 19:44 on September 11th, 2008

The Campbell's soup can was famously painted by Andy Warhol and was the subject of a display in New York City's Museum of Modern Art in 2007, when this photo was taken.

ixoye307 has contributed a photo to this story.

0
kav p
kav p

at 20:26 on September 11th, 2008

Sunshine City Observatory in Tokyo, Japan. "Gatcha-gatcha" machines in Japan contain all number of odd trinkets. Including magnets of soup cans, apparently.

kav p has contributed a photo to this story.

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