The Campbell's Company Stock Price, News & Analysis

Campbell Soup Company (NYSE:CPB) has been recognized as one of the 100 Most Sustainable Corporations in the World by Corporate Knights, ranking 89th overall. This accolade highlights Campbell's commitment to sustainability, with strong performance in areas such as clean revenue and employee safety. The company generated nearly $8.5 billion in net sales in fiscal 2021 and continues to emphasize transparency and corporate responsibility, being included in multiple sustainability indices.

Campbell's has partnered with CAMP to launch two limited-edition scented candles: Tomato Soup & Grilled Cheese and Chicken Noodle Soup. The candles are designed to evoke winter joy and come with a 'Winter Warmup Guide' featuring family activities. Available at select CAMP stores and online for $24 each, 10% of proceeds will benefit Feeding America. The initiative aims to create memorable family experiences during winter, with aromas reminiscent of Campbell's iconic soups. CMO Linda Lee emphasized the importance of family moments in their marketing strategy.

Campbell Soup Company (NYSE:CPB) announces the retirement of Bob Furbee after 38 years, effective April 2022. Daniel L. Poland is appointed as Executive Vice President and Chief Supply Chain Officer, starting January 10, 2022. Poland has extensive experience in the consumer packaged goods industry, previously serving as COO of KIND Snacks and in senior roles at Pinnacle Foods and WhiteWave Foods. The leadership transition aims to ensure continuity in Campbell's supply chain amid challenges.

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.