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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) 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.
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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.
Campbell Soup Company (NYSE:CPB) announced the appointment of Diane Johnson May as Executive Vice President and Chief Human Resources Officer, effective Nov. 1, 2021. Johnson May brings over 35 years of food industry experience, previously serving at ManpowerGroup and Kraft Foods. She will lead Campbell's HR functions, focusing on talent management, organizational effectiveness, and diversity initiatives. This leadership change follows the departure of Xavier Boza, who left for another opportunity.
Campbell Soup Company (NYSE: CPB) has launched the Full Futures program in Camden City School District, committing $5 million over five years to enhance school nutrition. The initiative aims to reach around 2,000 students in three pilot schools through nutrition education, school gardens, and menu expansions. Additional enhancements will impact 5,000 more students via district-wide changes. The program focuses on building a nutrition mindset, improving food service infrastructure, providing nutrition education, and implementing culturally inclusive menus, with support from various partners.
Campbell's has partnered with Universal Music Group (UMG) to enhance home cooking by integrating music into meal preparation. A survey revealed that 73% of home cooks listen to music while cooking. Specially marked cans will feature QR codes leading to exclusive recipes and curated playlists. Weekly song releases from artists like Julia Michaels will accompany recipes. This initiative aligns with Campbell's efforts to modernize its brand and respond to increased consumer demand for easy meals. A music contest will launch on Nov. 15, offering a $20,000 prize for a cooking-inspired anthem.
The Board of Directors of Campbell Soup Company (NYSE:CPB) has declared a quarterly dividend of $0.37 per share, payable on Nov. 1, 2021 to shareholders of record by the close of business Oct. 7, 2021. Campbell Soup, with a legacy of over 150 years, reported nearly $8.5 billion in net sales for fiscal 2021. The company offers a diverse portfolio including brands like Campbell’s, Goldfish, and Prego, while also focusing on sustainability and social responsibility.