The Campbell's Company Stock Price, News & Analysis

Cambell Soup Company (NYSE:CPB) reported a net sales decline of 11% to $1.98 billion for Q3 fiscal 2021 compared to the previous year, with organic sales down 12%. EBIT remained steady at $272 million, but adjusted EBIT dropped 27% to $283 million. Diluted EPS decreased 2% to $0.54, with adjusted EPS down 31% to $0.57. The company anticipates continued margin pressures and has provided updated fiscal 2021 guidance, expecting net sales to decline by 3.5% to 3.0%.

Campbell Soup Company (NYSE:CPB) will report its third-quarter fiscal 2021 financial results on June 9, 2021. President Mark Clouse and CFO Mick Beekhuizen will lead an investor conference call at 8:00 a.m. ET to discuss these results. Interested parties can access the live webcast at investor.campbellsoupcompany.com/events-presentations/. A transcript and replay will be available after the event, enhancing transparency and investor engagement.

The Board of Directors of Campbell Soup Company (NYSE:CPB) has declared a quarterly dividend of $0.37 per share. This dividend is payable on August 2, 2021, to shareholders who are recorded by the close of business on July 14, 2021. Campbell Soup Company, founded in 1869, is known for its commitment to providing authentic and affordable food products while also acting as a responsible steward of the planet's resources. It is a member of the S&P 500 and FTSE4Good Index.

Sun-Maid Growers of California announced its acquisition of Plum Organics, a premium organic baby food and snacks brand, from Campbell Soup Company (NYSE:CPB). Though the transaction terms remain undisclosed, Sun-Maid aims to enhance its product offerings for families by integrating Plum’s certified organic and non-GMO range into its portfolio. This acquisition is seen as a strategic move to bolster growth in the healthy snacking market, aligning with Sun-Maid's commitment to provide nutritious options for children. The deal is anticipated to close in Spring 2021.

Campbell Soup Company (NYSE:CPB) reported Q2 fiscal 2021 results, revealing a 5% increase in net sales to $2.28 billion, driven by growth in Meals & Beverages and Snacks. Adjusted EPS rose 17% to $0.84. EBIT increased 15% to $401 million, aided by higher sales volumes despite COVID-19 challenges. The company achieved $20 million in cost savings, totaling $760 million year-to-date. Full-year guidance indicates a slight decline in sales but an expected EPS increase of 3-5%. CEO Mark Clouse confirmed strong brand performance, with nearly 75% of brands growing or holding market share.

The Board of Directors of Campbell Soup Company (NYSE:CPB) has declared a quarterly dividend of $0.37 per share, payable on May 3, 2021 to shareholders of record by the close of business on April 8, 2021.

Campbell, a member of the S&P 500 and FTSE4Good Index, emphasizes its commitment to providing affordable and flavorful food options while being a steward of natural resources.

Campbell Soup Company (NYSE:CPB) will announce its second-quarter fiscal 2021 results on March 10, 2021. CEO Mark Clouse and CFO Mick Beekhuizen will host a conference call at 8:00 a.m. ET to review these results. The earnings press release will be distributed before the call, which will include a Q&A session for investors. The webcast can be accessed at www.investor.campbellsoupcompany.com.

Campbell Soup Company (NYSE:CPB) has elected Grant H. Hill to its Board of Directors, expanding the board from 12 to 13 members. Hill, a former NBA player and co-owner of the Atlanta Hawks, brings extensive experience in brand building and investment. He has over $200 million in commercial real estate investments and co-founded a $100 million private investment fund. His addition is expected to enhance the board's expertise in culture transformation and inclusive team leadership.

Campbell Soup Company (NYSE:CPB) reported strong fiscal 2021 first-quarter results, with net sales reaching $2.34 billion, a 7% increase from the previous year. Organic sales grew 8%, driven by the Meals & Beverages and Snacks divisions. EBIT surged 45% to $461 million, while diluted earnings per share rose 82% to $1.02. The Board approved a 6% increase in the quarterly dividend, reflecting robust earnings and cash flow. Guidance for Q2 expects a 5% to 7% increase in net sales and a projected adjusted EPS of $0.81 to $0.83.