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$CPB Beats Expectations and Raises Guidance

“Stronger-than-expected fiscal third-quarter growth helps Campbell Soup CPB -0.46% boost its EPS view and project other metrics being at the high end of prior forecasts.

Leading the way is a nearly 5% volume increase amid higher promotional spending helping US condensed, ready-to-serve and broth sales post double-digit sales gains.

That as the early part of 2013 was much-more conducive weather-wise to soup eating that a year earlier, which saw record late-winter/early-spring warmth in America.

But the company also saw roughly 5% volume growth in its global baking-and-snacks business and 4% gains in international simple meals and beverages….”

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