Campbell Soup Co. (NYSE:CPB
) has new concern about its earnings and Starbucks Corporation (NASDAQ:SBUX
) investors wonder about slowing growth, after the company reported that it had opened 558 net new stores, including its 1,000th store in both China and Japan, in the quarter ended Sept. 29, 2013. Both stocks are showing up on the losing side of the S&P 500 index.
Over 12 months, Campbell Soup (NYSE:CPB
) is up 14%. Five gurus sold out their CPB in the third quarter of 2013, but seven of them remain for the company’s predictable revenue and earnings growth. The company reported its first quarter fiscal 2014 financial results with a 2% drop in sales and adjusted earnings at $0.66 per share, marking a 21% decrease from a year ago. Campbell reported earnings from continuing operations at $181 million, down from $232 million in the same quarter a year ago. Earnings of $0.57 per share for the reporting quarter dropped from $0.73 per share in the same quarter of the previous year. Continue Reading »