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.
The Campbell's Company (NASDAQ:CPB) has announced it will release its second quarter fiscal 2025 financial results on March 5, 2025, covering the period ended January 26, 2025. CEO Mick Beekhuizen and CFO Carrie Anderson will host an investor conference call and webcast at 8:00 a.m. ET.
Prior to the call, management's prepared remarks transcript and earnings presentation will be available on the company's investor relations website. The conference call will include a Q&A session with the investment community, with press participation in listen-only mode. A webcast replay and full transcript will be posted within 24 hours of the event.
Campbell's (NASDAQ:CPB) has appointed Risa Cretella as Executive Vice President and President of Meals & Beverages division, effective Feb. 1, 2025. Cretella, who joined Campbell's in March 2024 following the Sovos Brands acquisition, will report to incoming President and CEO Mick Beekhuizen.
In her new role, Cretella will lead the Meals & Beverages division, overseeing brands including Campbell's, Chunky, Pace, Pacific Foods, Prego, Rao's, Swanson and V8. She brings nearly 25 years of food industry experience, notably leading Rao's to become a nearly $1 billion brand during her six-year tenure at Sovos Brands. Her previous experience includes senior roles at Pinnacle Foods, where she managed the $1 billion Birds Eye brand, and The J.M. Smucker Company.
Campbell's Full Futures partnership marks three years of advancing school nutrition, now operating in Camden, N.J., Charlotte, N.C., and Hanover, P.A. The program has reached over 12,000 students, caregivers, and school staff across its locations, focusing on four key pillars: culture, infrastructure, nutrition education, and food access.
Key achievements include distributing 37,000 pounds of food through farmers' markets in Camden, implementing aquaponics systems reaching 1,500 students in Charlotte, and launching nutrition education initiatives. The program will officially launch in Hanover during the 2024-2025 school year, emphasizing family engagement and access to fresh, local foods.
The initiative partners with multiple organizations, including Alliance for a Healthier Generation, local school districts, and community organizations, aiming to create a replicable model for improving school nutrition nationwide.
Spritz Society and V8 have partnered to launch a first-of-its-kind Bloody Mary Spritz. The -edition beverage combines Spritz Society's cocktail expertise with V8's classic tomato flavor, creating an innovative take on the traditional Bloody Mary. Made with real white wine and natural ingredients, each 12oz can contains 4.5% ABV, 120 calories, and 5g of sugar.
The product will be available from December 12 at 9:00am ET on SpritzSociety.com, priced at $25 for a 4-pack with a minimum order of two packs. The launch is timed for National Bloody Mary Day on January 1st.
Campbell's reported Q1 fiscal 2025 results with net sales increasing 10% to $2.8 billion, though organic sales decreased 1%. EBIT rose 3% to $367 million, while adjusted EBIT grew 6% to $432 million, including Sovos Brands acquisition impact. EPS decreased to $0.72 from $0.78, with adjusted EPS declining 2% to $0.89.
The company reaffirmed its full-year fiscal 2025 guidance, projecting net sales growth of 9-11% and organic net sales growth of 0-2%. The Board approved a 5% increase in quarterly dividend to $0.39 per share. Additionally, Mick Beekhuizen will succeed Mark Clouse as President and CEO effective February 1, 2025.
Campbell's Company (NASDAQ: CPB) announced that Mick Beekhuizen will succeed Mark Clouse as President and CEO, effective Feb. 1, 2025. Beekhuizen, who joined Campbell's in 2019 as CFO and currently serves as President of the $5.3 billion Meals & Beverages division, will become the company's 15th CEO in its 155-year history.
Mark Clouse, who has served as President and CEO since January 2019, will retire to become President of the NFL's Washington Commanders. Under his leadership, Campbell's reshaped its portfolio, strengthened its brands, and recently completed the $2.7 billion acquisition of Sovos Brands, Inc., adding Rao's to accelerate growth.
Campbell's (NASDAQ:CPB) has announced it will release its first-quarter fiscal 2025 financial results on December 4, 2024, covering the period ended October 27, 2024. CEO Mark Clouse and CFO Carrie Anderson will host an investor conference call and webcast at 8:00 a.m. ET.
The earnings release will be distributed before the call, and management's prepared remarks transcript and earnings presentation will be available on the investor relations website. The event will include a Q&A session with investors, while press participation will be listen-only.
Campbell Soup Company shareholders have approved changing the company's name to The Campbell's Company (NASDAQ:CPB). The rebranding reflects the company's expanded portfolio beyond soup, which includes three $1 billion brands: Campbell's, Goldfish, and Pepperidge Farm, with Rao's approaching this milestone. The company's portfolio also features other notable brands like Cape Cod, Chunky, Kettle Brand, Lance, Pace, and V8. The name change, first discussed at Campbell's Fiscal 2025 Investor Day, will be effective after filing an amendment with New Jersey state.
Campbell Soup Company (NASDAQ:CPB) has announced key leadership changes in its organizational structure. Daniel L. Poland has been appointed to the newly created role of Executive Vice President and Chief Enterprise Transformation Officer, leading a new Enterprise Transformation Office focused on accelerating business performance and digital transformation. Poland, who joined Campbell's in 2022, will continue reporting to CEO Mark Clouse.
Additionally, Cassandra Green has been promoted to Senior Vice President and Head of Supply Chain, reporting to Poland. Green, who has been with Campbell's since 2010, will oversee the company's end-to-end supply chain operations including manufacturing, procurement, and logistics.
Campbell Soup Company (NASDAQ:CPB) has announced an agreement to sell noosa yoghurt to Lakeview Farms, The sale follows Campbell's acquisition of noosa through Sovos Brands in March 2024. The yogurt brand generated net sales of $177 million for the last 12 months ending October 2024. The transaction is expected to be dilutive to earnings per share by $0.01 in fiscal 2025 but is not expected to materially impact Campbell's fiscal 2025 financial results. The deal is anticipated to close in Q1 2025, subject to regulatory approvals.