The Campbell's Company Stock Price, News & Analysis

Instacart, North America's leading online grocery platform, has partnered with Campbell Soup Company to celebrate and reward Instacart shoppers during the holiday season. Beginning December 17, 2021, shoppers completing 10 or more deliveries can enter the Souper Shopper Sweepstakes for a chance to win prizes totaling $50,000. This initiative recognizes the vital role of shoppers in delivering groceries and essentials, particularly during the busy holiday season. Over 200 shoppers will have the opportunity to win cash prizes of $200 or $500.

Campbell Soup Company (NYSE:CPB) held an Investor Day detailing its strategic plans for growth. The company introduced a new long-term growth algorithm aiming for ~2% organic net sales growth, with adjusted EBIT growth of 4-6% and adjusted EPS growth of 6-8% through fiscal 2025. Key highlights include expanding the cost savings program to $1 billion, a focus on innovation in Snacks and Meals & Beverages, and a shift in capital allocation towards strategic acquisitions. This approach aims to enhance shareholder value and maintain a strong balance sheet.

Campbell Soup Company (NYSE: CPB) will host its Investor Day on December 14, 2021, from 9:00 a.m. ET to 12:00 p.m. ET. Key executives, including CEO Mark Clouse, will discuss the company's turnaround strategy and future plans. Topics include enhancing the Snacks segment led by Valerie Oswalt, updating the Meals & Beverages strategy by Chris Foley, and CFO Mick Beekhuizen's insights on strong cash flow and shareholder value. A live webcast will be available, along with a replay and transcript post-event.

Campbell Soup Company (NYSE:CPB) reported a 4% decrease in net sales to $2.24 billion for Q1 fiscal 2022, with organic net sales also down 4%. EBIT fell 18% to $376 million, while adjusted EBIT decreased 15% to $389 million. Diluted EPS from continuing operations was $0.86, down from $1.02, with adjusted EPS at $0.89, a 12% decline. The company reaffirms its fiscal 2022 guidance, accounting for commodity hedge adjustments. Investor Day will be virtually held on December 14, 2021, focusing on operational strategies amid ongoing inflation and supply chain issues.

The Board of Directors of Campbell Soup Company (NYSE:CPB) has declared a quarterly dividend of $0.37 per share, payable on January 31, 2022 to shareholders recorded at the close of business on January 6, 2022. This dividend reflects the company's commitment to returning value to its shareholders.

In fiscal 2021, Campbell generated net sales of nearly $8.5 billion and continues to maintain a robust portfolio of well-known brands.

Campbell Soup Company (NYSE: CPB) will report its first-quarter fiscal 2022 financial results on Dec. 8, 2021. CEO Mark Clouse and CFO Mick Beekhuizen will host a conference call at 8:00 a.m. ET to discuss these results. Interested parties can access the webcast and participate in a Q&A session. The call-in number will be provided for attendees. Campbell generated nearly $8.5 billion in net sales in fiscal 2021 and has a diverse portfolio of recognizable brands.

Campbell Soup Company (NYSE:CPB) will host an Investor Day on Tuesday, Dec. 14, 2021 from 9:00 a.m. EDT to approximately noon EDT. The event will showcase the company's strategies for growth, featuring presentations from CEO Mark Clouse and other executives. A live Q&A session will follow the presentations. Interested participants can join via a live webcast, with replays available later. Campbell, a fixture in the food industry for over 150 years, reported fiscal 2021 net sales of nearly $8.5 billion.

Campbell Soup Company (NYSE:CPB) appoints Charles Nevin as Chief Customer Officer for Meals & Beverages, effective Nov. 29, 2021. Nevin takes over from Michael Pierson, who was promoted to lead the Snacks division. Nevin's role focuses on boosting sales of Campbell's soups and beverages, including iconic brands like Campbell’s, V8, and Prego. His extensive retail experience spans over 30 years, with past roles at Family Dollar and Nabisco. The move aligns with Campbell's goal to enhance its brand portfolio and adapt to evolving consumer preferences.