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Campbell Soup Company (CPB) manufactures and markets food and beverage products in the United States and internationally. 
The company operates through Meals & Beverages and Snacks segments.
The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada. This segment provides Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Pacific Foods broth, soups, and non-dairy beverages; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pasta, beans, and dinner sauces; Swanson canned poultry; V8 juices and beverages; Campbell's tomato juice; and snacking products in foodservice in Canada.
The Snacks segment retails Pepperidge Farm cookies, crackers, fresh bakery, and frozen products; Milano cookies and Goldfish crackers; and Snyder's of Hanover pretzels, Lance sandwich crackers, Cape Cod and Kettle Brand potato chips, Late July snacks, Snack Factory pretzel crisps, Pop Secret popcorn, Emerald nuts, and other snacking products. This segment is also involved in the retail business in Latin America.
It sells its products through retail food chains, mass discounters and merchandisers, club stores, convenience stores, drug stores, and dollar stores, as well as e-commerce and other retail, commercial, and non-commercial establishments, and independent contractor distributors.
Shares have formed a bullish "flag" following it's latest quarterly report. On December 7th, CPB reported 1st Quarter October 2022 earnings of $1.02 per share on revenue of $2.6 billion. The consensus earnings estimate was $0.86 per share on revenue of $2.4 billion. Revenue grew 15.2% on a year-over-year basis.
Guided Higher: The company said it expects fiscal 2023 earnings of $2.90 to $3.00 per share on revenue of $9.16 billion to $9.33 billion. The company's previous guidance was earnings of $2.85 to $2.95 per share on revenue of $8.90 billion to $9.08 billion.
Entry Point: $57.00
Trading Range: $41.725 to $57.40
Stop Loss: $54.50
Target Price: $62.00
