The Campbell's Company reports news on a North American packaged-food business organized around Meals & Beverages and Snacks. Its updates commonly cover performance across brands including Campbell's, Goldfish, Pepperidge Farm, Prego, Pace, Swanson, V8 and Rao's, along with quarterly results, guidance, dividend declarations and supply-chain leadership.
Company news also includes brand partnerships and product marketing, community and foundation programs, completed portfolio actions such as the Sovos Brands acquisition and La Regina investment tied to Rao's Homemade, and corporate governance or investor-relations appointments.
Campbell Soup Company (NYSE:CPB) announced a new allocation of 42 Community Impact Grants totaling nearly $1 million to nonprofit organizations in its operational areas. This initiative aims to enhance food access, promote healthy living, and support local neighborhoods, bringing Campbell's fiscal 2022 grantmaking total to over $2 million. The grant process is employee-driven, empowering workers to nominate impactful organizations. Grants include $20,000 each for various initiatives across 30 locations and larger grants for national organizations.
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Campbell Soup Company (NYSE:CPB) announced the retirement of Kim Fortunato after over a decade, effective May 6, 2022. Kate Barrett will replace her as Director of Community Affairs. Barrett joined Campbell in 2017 and previously held the position of Senior Manager, Community Impact. She will oversee employee volunteerism, philanthropy, and the company’s Full Futures program.
Campbell Soup Company (NYSE:CPB) reported a 3% decline in net sales to $2.21 billion for Q2 FY2022, with adjusted EPS dropping 16% to $0.69 amid supply constraints and inflation. Year-over-year demand remains strong with a 1% increase in consumption. The company expects improved financial performance in the second half of FY2022 due to recent pricing actions and enhanced labor conditions. Full-year guidance for 2022 remains unchanged, anticipating steady demand and recovery in supply levels, although core inflation is projected to be in low double-digits.
The Board of Directors of Campbell Soup Company (NYSE:CPB) has declared a quarterly dividend of $0.37 per share, payable on May 2, 2022 to shareholders of record as of April 7, 2022. For fiscal 2021, Campbell reported net sales nearing $8.5 billion, highlighting its commitment to delivering affordable and quality food. The company, established in 1869, continues to be a trusted brand in the food industry.
Campbell Soup Company (NYSE: CPB) will report its second-quarter fiscal 2022 financial results on March 9, 2022. The conference call, led by CEO Mark Clouse and CFO Mick Beekhuizen, is scheduled for 8:00 a.m. ET. Investors can access the call via the company’s website. A replay will be available after the event. In fiscal 2021, Campbell generated nearly $8.5 billion in net sales, with a portfolio featuring well-known brands like Campbell’s, Goldfish, and V8.
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.
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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.