Subtext

The Campbell's Company CPB

SectorConsumer Staples
Transcripts68
Date range2007-09-16 – 2025-03-05
Calls charted68

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-24-12+0+12+242007 Q42010 Q22012 Q42015 Q12017 Q32019 Q42022 Q12024 Q22007 Q4 · Overall: +5.72008 Q1 · Overall: +0.82008 Q2 · Overall: +3.92008 Q3 · Overall: +2.32008 Q4 · Overall: +9.82009 Q1 · Overall: +0.22009 Q2 · Overall: -10.02009 Q4 · Overall: +1.82010 Q1 · Overall: +4.92010 Q2 · Overall: +8.12010 Q3 · Overall: +13.82011 Q1 · Overall: +7.42011 Q2 · Overall: +5.52011 Q3 · Overall: +4.12011 Q4 · Overall: -0.12012 Q1 · Overall: +4.72012 Q2 · Overall: +8.52012 Q3 · Overall: +1.72012 Q4 · Overall: +0.92013 Q1 · Overall: +3.32013 Q2 · Overall: +9.02013 Q3 · Overall: +11.02013 Q4 · Overall: +5.42014 Q1 · Overall: -9.52014 Q2 · Overall: +2.32014 Q3 · Overall: -1.92014 Q4 · Overall: -2.32015 Q1 · Overall: +5.62015 Q2 · Overall: +4.12015 Q3 · Overall: +4.72015 Q4 · Overall: +6.22016 Q1 · Overall: +4.62016 Q2 · Overall: +6.42016 Q3 · Overall: +2.02016 Q4 · Overall: +0.42017 Q2 · Overall: +9.32017 Q3 · Overall: +4.32017 Q4 · Overall: +3.82018 Q1 · Overall: -2.72018 Q2 · Overall: +4.72018 Q3 · Overall: -1.02018 Q4 · Overall: +2.92019 Q1 · Overall: +2.02019 Q2 · Overall: +13.12019 Q3 · Overall: +8.82019 Q4 · Overall: +15.52020 Q1 · Overall: +11.62020 Q2 · Overall: +18.42020 Q3 · Overall: +5.82020 Q4 · Overall: +14.62021 Q1 · Overall: +11.92021 Q2 · Overall: +13.82021 Q3 · Overall: +5.42021 Q4 · Overall: +9.12022 Q1 · Overall: +7.62022 Q2 · Overall: +8.52022 Q3 · Overall: +10.92022 Q4 · Overall: +15.12023 Q1 · Overall: +13.92023 Q2 · Overall: +21.22023 Q3 · Overall: +15.02023 Q4 · Overall: +15.12024 Q1 · Overall: +13.62024 Q2 · Overall: +20.02024 Q3 · Overall: +16.82024 Q4 · Overall: +14.02025 Q1 · Overall: +15.12025 Q2 · Overall: +14.1
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-34-17+0+17+342007 Q42010 Q22012 Q42015 Q12017 Q32019 Q42022 Q12024 Q22007 Q4 · CEO: +15.32008 Q1 · CEO: +4.72008 Q2 · CEO: +8.22008 Q3 · CEO: +4.72008 Q4 · CEO: +12.72009 Q1 · CEO: +9.02009 Q2 · CEO: +5.92009 Q4 · CEO: +5.62010 Q1 · CEO: +11.32010 Q2 · CEO: +11.02010 Q3 · CEO: +21.82011 Q1 · CEO: +15.42011 Q2 · CEO: +12.12011 Q3 · CEO: +27.92012 Q1 · CEO: +16.62012 Q2 · CEO: +24.92012 Q3 · CEO: +17.32012 Q4 · CEO: +24.42013 Q1 · CEO: +17.12013 Q2 · CEO: +24.72013 Q3 · CEO: +25.92013 Q4 · CEO: +21.52014 Q1 · CEO: +3.82014 Q2 · CEO: +13.52014 Q3 · CEO: +13.52014 Q4 · CEO: +4.12015 Q1 · CEO: +17.62015 Q4 · CEO: +17.62016 Q1 · CEO: +16.02016 Q3 · CEO: +7.52016 Q4 · CEO: +9.52017 Q2 · CEO: +20.02017 Q3 · CEO: +10.02017 Q4 · CEO: +17.42018 Q1 · CEO: +8.42018 Q2 · CEO: +12.62018 Q4 · CEO: +16.22019 Q1 · CEO: +18.52019 Q2 · CEO: +27.42019 Q3 · CEO: +23.62019 Q4 · CEO: +21.62020 Q1 · CEO: +17.22020 Q2 · CEO: +24.82020 Q3 · CEO: +8.32020 Q4 · CEO: +18.82021 Q1 · CEO: +15.42021 Q2 · CEO: +20.62021 Q3 · CEO: +14.02021 Q4 · CEO: +17.42022 Q1 · CEO: +16.32022 Q2 · CEO: +11.62022 Q3 · CEO: +17.82022 Q4 · CEO: +20.52023 Q1 · CEO: +20.72023 Q2 · CEO: +25.42023 Q3 · CEO: +21.22023 Q4 · CEO: +18.02024 Q1 · CEO: +15.82024 Q2 · CEO: +23.62024 Q3 · CEO: +21.02024 Q4 · CEO: +18.02025 Q1 · CEO: +20.22025 Q2 · CEO: +21.62007 Q4 · CFO: +8.52008 Q1 · CFO: -0.72008 Q2 · CFO: +5.72008 Q3 · CFO: +16.02009 Q1 · CFO: -8.42009 Q2 · CFO: -2.72009 Q4 · CFO: +4.82010 Q1 · CFO: +17.12010 Q2 · CFO: +15.92010 Q3 · CFO: +23.02011 Q1 · CFO: +10.72011 Q2 · CFO: +4.62011 Q3 · CFO: -3.42011 Q4 · CFO: -1.62012 Q1 · CFO: -0.42012 Q2 · CFO: +3.52012 Q3 · CFO: -4.02012 Q4 · CFO: -4.92013 Q1 · CFO: +0.92013 Q2 · CFO: +2.22013 Q3 · CFO: +5.62013 Q4 · CFO: +3.52014 Q1 · CFO: -17.32014 Q2 · CFO: -0.82014 Q3 · CFO: -7.22014 Q4 · CFO: -3.72015 Q1 · CFO: +0.72015 Q4 · CFO: -1.22016 Q1 · CFO: -0.32016 Q3 · CFO: +1.02016 Q4 · CFO: -5.42017 Q2 · CFO: +2.42017 Q3 · CFO: +3.62017 Q4 · CFO: -2.22018 Q1 · CFO: -11.32018 Q2 · CFO: +1.92018 Q3 · CFO: +2.72018 Q4 · CFO: -6.52019 Q1 · CFO: -11.62019 Q2 · CFO: -5.62019 Q3 · CFO: -0.72019 Q4 · CFO: +10.92020 Q1 · CFO: +6.62020 Q2 · CFO: +14.42020 Q3 · CFO: +5.22020 Q4 · CFO: +16.52021 Q1 · CFO: +13.32021 Q2 · CFO: +4.62021 Q3 · CFO: -7.32021 Q4 · CFO: +0.42022 Q1 · CFO: -1.72022 Q2 · CFO: +0.52022 Q3 · CFO: +7.42022 Q4 · CFO: +8.72023 Q1 · CFO: +5.22023 Q2 · CFO: +29.52023 Q3 · CFO: +5.42023 Q4 · CFO: +16.12024 Q1 · CFO: +9.32024 Q2 · CFO: +20.72024 Q3 · CFO: +14.42024 Q4 · CFO: +13.22025 Q1 · CFO: +13.42025 Q2 · CFO: +3.8
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-33-16+0+16+332007 Q42010 Q22012 Q42015 Q12017 Q32019 Q42022 Q12024 Q22007 Q4 · Prepared remarks: +10.62008 Q1 · Prepared remarks: +6.12008 Q2 · Prepared remarks: +6.32008 Q3 · Prepared remarks: +6.42008 Q4 · Prepared remarks: +12.92009 Q1 · Prepared remarks: +1.52009 Q2 · Prepared remarks: -11.42009 Q4 · Prepared remarks: +7.42010 Q1 · Prepared remarks: +16.12010 Q2 · Prepared remarks: +18.42010 Q3 · Prepared remarks: +23.52011 Q1 · Prepared remarks: +11.52011 Q2 · Prepared remarks: +3.02011 Q3 · Prepared remarks: +11.72011 Q4 · Prepared remarks: +5.82012 Q1 · Prepared remarks: +6.02012 Q2 · Prepared remarks: +11.72012 Q3 · Prepared remarks: +1.72012 Q4 · Prepared remarks: +5.62013 Q1 · Prepared remarks: +5.82013 Q2 · Prepared remarks: +10.52013 Q3 · Prepared remarks: +18.02013 Q4 · Prepared remarks: +10.42014 Q1 · Prepared remarks: -10.42014 Q2 · Prepared remarks: +2.72014 Q3 · Prepared remarks: -2.62014 Q4 · Prepared remarks: +1.12015 Q1 · Prepared remarks: +6.12015 Q2 · Prepared remarks: +1.82015 Q3 · Prepared remarks: +3.32015 Q4 · Prepared remarks: +6.22016 Q1 · Prepared remarks: +5.02016 Q2 · Prepared remarks: +8.22016 Q3 · Prepared remarks: +3.32016 Q4 · Prepared remarks: -1.12017 Q2 · Prepared remarks: +10.82017 Q3 · Prepared remarks: +1.02017 Q4 · Prepared remarks: +5.12018 Q1 · Prepared remarks: +0.02018 Q2 · Prepared remarks: +6.12018 Q3 · Prepared remarks: +1.02018 Q4 · Prepared remarks: +3.12019 Q1 · Prepared remarks: +5.72019 Q2 · Prepared remarks: +9.92019 Q3 · Prepared remarks: +8.72019 Q4 · Prepared remarks: +19.82020 Q1 · Prepared remarks: +18.22020 Q2 · Prepared remarks: +24.02020 Q3 · Prepared remarks: +9.12020 Q4 · Prepared remarks: +17.62021 Q1 · Prepared remarks: +17.02021 Q2 · Prepared remarks: +20.62021 Q3 · Prepared remarks: +3.22021 Q4 · Prepared remarks: +12.22022 Q1 · Prepared remarks: +10.92022 Q2 · Prepared remarks: +9.82022 Q3 · Prepared remarks: +17.62022 Q4 · Prepared remarks: +23.42023 Q1 · Prepared remarks: +17.92023 Q2 · Prepared remarks: +28.32023 Q3 · Prepared remarks: +18.82023 Q4 · Prepared remarks: +21.92024 Q1 · Prepared remarks: +20.42024 Q2 · Prepared remarks: +25.32024 Q3 · Prepared remarks: +24.12024 Q4 · Prepared remarks: +20.42025 Q1 · Prepared remarks: +22.42025 Q2 · Prepared remarks: +19.32007 Q4 · Q&A responses: +5.92008 Q1 · Q&A responses: +1.32008 Q2 · Q&A responses: +6.92008 Q3 · Q&A responses: +1.92008 Q4 · Q&A responses: +12.12009 Q1 · Q&A responses: +0.72009 Q2 · Q&A responses: -5.12009 Q4 · Q&A responses: +1.02010 Q1 · Q&A responses: +4.12010 Q2 · Q&A responses: +9.32010 Q3 · Q&A responses: +19.12011 Q1 · Q&A responses: +10.32011 Q2 · Q&A responses: +17.22011 Q3 · Q&A responses: +5.52011 Q4 · Q&A responses: -0.42012 Q1 · Q&A responses: +7.12012 Q2 · Q&A responses: +10.22012 Q3 · Q&A responses: +8.42012 Q4 · Q&A responses: +2.32013 Q1 · Q&A responses: +6.92013 Q2 · Q&A responses: +10.92013 Q3 · Q&A responses: +4.92013 Q4 · Q&A responses: +3.52014 Q1 · Q&A responses: -6.02014 Q2 · Q&A responses: +4.62014 Q3 · Q&A responses: +3.22014 Q4 · Q&A responses: -1.12015 Q1 · Q&A responses: +10.02015 Q2 · Q&A responses: +11.12015 Q3 · Q&A responses: +10.72015 Q4 · Q&A responses: +8.42016 Q1 · Q&A responses: +10.52016 Q2 · Q&A responses: +10.62016 Q3 · Q&A responses: +4.62016 Q4 · Q&A responses: +7.02017 Q2 · Q&A responses: +14.42017 Q3 · Q&A responses: +14.22017 Q4 · Q&A responses: +11.22018 Q1 · Q&A responses: -2.62018 Q2 · Q&A responses: +10.42018 Q3 · Q&A responses: +5.42018 Q4 · Q&A responses: +9.82019 Q1 · Q&A responses: -2.62019 Q2 · Q&A responses: +22.42019 Q3 · Q&A responses: +15.82019 Q4 · Q&A responses: +14.82020 Q1 · Q&A responses: +10.12020 Q2 · Q&A responses: +17.22020 Q3 · Q&A responses: +5.42020 Q4 · Q&A responses: +16.32021 Q1 · Q&A responses: +13.02021 Q2 · Q&A responses: +9.72021 Q3 · Q&A responses: +11.82021 Q4 · Q&A responses: +12.02022 Q1 · Q&A responses: +10.12022 Q2 · Q&A responses: +6.62022 Q3 · Q&A responses: +8.92022 Q4 · Q&A responses: +10.02023 Q1 · Q&A responses: +13.12023 Q2 · Q&A responses: +15.72023 Q3 · Q&A responses: +14.62023 Q4 · Q&A responses: +11.32024 Q1 · Q&A responses: +8.42024 Q2 · Q&A responses: +19.12024 Q3 · Q&A responses: +11.82024 Q4 · Q&A responses: +9.72025 Q1 · Q&A responses: +12.42025 Q2 · Q&A responses: +11.0
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$2.37$2.83$3.302007 Q42010 Q22012 Q42015 Q12017 Q32019 Q42022 Q12024 Q22014 Q1: $2.612014 Q2: $2.592014 Q3: $2.492014 Q4: $2.512015 Q1: $2.432015 Q2: $2.482015 Q3: $2.622015 Q4: $2.862016 Q1: $3.082016 Q2: $3.132016 Q3: $3.082016 Q4: $3.152017 Q2: $3.192017 Q3: $3.062017 Q4: $3.012018 Q1: $3.152018 Q2: $2.792018 Q3: $2.482018 Q4: $2.512019 Q1: $2.522019 Q2: $2.582019 Q3: $2.562019 Q4: $2.582020 Q1: $2.682020 Q2: $2.852020 Q3: $2.932020 Q4: $3.052021 Q1: $3.062021 Q2: $2.922021 Q3: $2.802021 Q4: $2.852022 Q1: $2.852022 Q2: $2.892022 Q3: $2.942022 Q4: $3.062023 Q1: $3.102023 Q2: $3.132023 Q3: $3.102023 Q4: $3.152024 Q1: $3.162024 Q2: $3.222024 Q3: $3.242024 Q4: $3.22

Forward P/E

12.0916.8121.532007 Q42010 Q22012 Q42015 Q12017 Q32019 Q42022 Q12024 Q22014 Q1: 16.852014 Q2: 17.792014 Q3: 17.292014 Q4: 17.172015 Q1: 18.702015 Q2: 19.252015 Q3: 19.652015 Q4: 18.782016 Q1: 20.882016 Q2: 19.722016 Q3: 18.002016 Q4: 18.772017 Q2: 17.882017 Q3: 15.582017 Q4: 16.322018 Q1: 14.032018 Q2: 12.742018 Q3: 16.202018 Q4: 15.382019 Q1: 13.982019 Q2: 15.962019 Q3: 18.232019 Q4: 18.662020 Q1: 18.812020 Q2: 17.362020 Q3: 15.452020 Q4: 15.432021 Q1: 15.982021 Q2: 15.592021 Q3: 15.712021 Q4: 15.282022 Q1: 14.992022 Q2: 15.702022 Q3: 16.132022 Q4: 18.652023 Q1: 17.552023 Q2: 14.672023 Q3: 13.792023 Q4: 14.392024 Q1: 13.562024 Q2: 13.972024 Q3: 15.782024 Q4: 12.94

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2015 Q1 tone ↑ +7.9 fwd EPS ↓ -0.08 Tone rose while the forward EPS estimate was cut.
  • 2018 Q1 tone ↓ -6.5 fwd EPS ↑ +0.14 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q2 tone ↑ +7.3 fwd EPS ↓ -0.36 Tone rose while the forward EPS estimate was cut.
  • 2020 Q1 tone ↓ -3.9 fwd EPS ↑ +0.10 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q3 tone ↓ -12.6 fwd EPS ↑ +0.08 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q22025-03-05+14.1——View →
2025 Q12024-12-04+15.1——View →
2024 Q42024-08-29+14.0$3.2212.9View →
2024 Q32024-06-05+16.8$3.2415.8View →
2024 Q22024-03-06+20.0$3.2214.0View →
2024 Q12023-12-06+13.6$3.1613.6View →
2023 Q42023-08-31+15.1$3.1514.4View →
2023 Q32023-06-07+15.0$3.1013.8View →