Exhibit 99.1
campbelllogoearnings.gif

FOR IMMEDIATE RELEASE
INVESTOR CONTACT:
 
MEDIA CONTACT:
 
Ken Gosnell
 
Thomas Hushen
 
(856) 342-6081
 
(856) 342-5227
 
ken_gosnell@campbellsoup.com
 
thomas_hushen@campbellsoup.com
 
            
CAMPBELL REPORTS FIRST-QUARTER RESULTS

Campbell Reaffirms Fiscal 2019 Guidance
Net Sales Increased 25 Percent Reflecting Impact of Recently Completed Acquisitions; Organic Sales Decreased 3 Percent
Earnings Per Share (EPS) of $0.64; Adjusted EPS of $0.79

CAMDEN, N.J., Nov. 20, 2018—Campbell Soup Company (NYSE:CPB)
today reported its first-quarter results for fiscal 2019.
 
Three Months Ended
($ in millions, except per share)
 
 
 
 
 
 
Oct. 28, 2018
 
Oct. 29, 2017
 
% Change
Net Sales
 
 
 
 
 
As Reported (GAAP)
$2,694
 
$2,161
 
25%
Organic
 
 
 
 
(3)%
Earnings Before Interest and Taxes (EBIT)
 
 
 
 
 
As Reported (GAAP)
$350
 
$412
 
(15)%
Adjusted
$410
 
$417
 
(2)%
Diluted Earnings Per Share
 
 
 
 
 
As Reported (GAAP)
$0.64
 
$0.91
 
(30)%
Adjusted
$0.79
 
$0.92
 
(14)%
Note: A detailed reconciliation of the reported (GAAP) financial information to the adjusted financial information is included at the end of this news release.
CEO Comments
Keith McLoughlin, Campbell’s interim President and CEO stated, “We are on track with our plans and are encouraged by the progress we are making against the significant actions we announced on August 30th to simplify, focus and optimize our portfolio. Through considerable cross-functional efforts in October, we were able to overcome the supply chain challenges that we faced early in the quarter and deliver results that enabled us to reaffirm our fiscal 2019 guidance.




The following information was filed by Campbell Soup Co (CPB) on Tuesday, November 20, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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