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 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.
On September 9, 2021, Campbell's Chunky launched its 'Lunchtime Is Your Halftime' campaign for the NFL season, featuring Head Coach Sean McVay of the Los Angeles Rams. This marks the first appearance of a coach in a Chunky ad. The campaign aims to connect with younger consumers, emphasizing lunchtime as a critical refueling moment. The marketing strategy includes various platforms like TV and social media, promoting popular products including the new Spicy Chicken Noodle flavor. Mark Tumelty noted the campaign's focus on the evolving needs of modern consumers.
Campbell Soup Company (NYSE:CPB) announced that CEO Mark Clouse and CFO Mick Beekhuizen will participate in a fireside chat at the 2021 Barclays Global Consumer Staples Conference. The chat will be webcast live on September 9, 2021, at 11:20 a.m. ET. Interested parties can listen to the event online and a replay will be available for 30 days. With over 150 years of history, Campbell generated nearly $8.5 billion in net sales for fiscal 2021, featuring brands such as Campbell’s, Goldfish, and V8.
Campbell Soup Company (NYSE:CPB) reported a Q4 2021 net sales decline of 11% to $1.87 billion, driven by a 4% drop in organic sales, reflecting a post-pandemic demand adjustment. Adjusted EPS fell 13% to $0.55. For the full year, net sales decreased 2% to $8.48 billion, with adjusted EPS increasing 1% to $2.98. The company plans an Investor Day on December 14, 2021, amid ongoing inflation challenges. A new $500 million share repurchase program has been initiated.
Campbell Soup Company (NYSE: CPB) will report its fourth-quarter and full-year fiscal 2021 financial results on Sept. 1, 2021. CEO Mark Clouse and CFO Mick Beekhuizen will host a conference call at 8:00 a.m. ET to discuss these results. The earnings press release will be available before the call, and a Q&A session will follow. The call can be accessed via dial-in numbers provided in the announcement. A replay will be available after the event. Campbell, celebrating over 150 years, generated net sales exceeding $8.6 billion in fiscal 2020.
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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%.