Welcome to our dedicated page for The Campbell's Company news (Ticker: CPB), a resource for investors and traders seeking the latest updates and insights on The Campbell's Company stock.
The Campbell's Company (NASDAQ: CPB) generates a steady flow of news as a long-established packaged food manufacturer with a broad portfolio of branded products. As a North American focused company with two primary divisions, Meals & Beverages and Snacks, its announcements often cover financial performance, portfolio changes, brand campaigns and community initiatives. Investors and observers following CPB news can use this page to access press releases, third-party coverage and other updates related to the company.
Regular earnings releases and guidance updates are a central part of Campbell's news cycle. The company reports quarterly and full-year results, including net sales trends, segment performance for Meals & Beverages and Snacks, adjusted EBIT and adjusted EPS, as well as commentary on cost savings programs, inflation, tariffs and consumer behavior. These releases also describe the impact of acquisitions and divestitures, such as the Sovos Brands acquisition and the sale of Pop Secret and noosa, and outline assumptions behind forward-looking guidance.
Beyond financial results, Campbell's news includes information on capital allocation decisions like quarterly dividend declarations and share repurchase activity, as well as financing transactions such as senior notes offerings and credit agreement amendments. Corporate governance and leadership updates, including executive appointments and changes in key finance roles, are disclosed through company announcements and SEC filings.
Brand and community-focused news is another important category. Campbell's highlights initiatives like the Chunky Sacks Hunger program in partnership with NFL players and Feeding America, seasonal campaigns such as the State of the Sides Report, and collaborations that connect its brands with cultural and holiday occasions. These stories illustrate how the company positions its brands and describes its efforts to address food insecurity.
This news page aggregates these various types of coverage so readers can review Campbell's latest earnings information, strategic moves, brand activities and governance developments in one place. For ongoing research on CPB, users can return to this feed to see how the company communicates its performance and priorities over time.
Campbell's® Chunky® has launched the third annual Chunky Sacks Hunger™ initiative, partnering with NFL teams and Feeding America® to combat hunger nationwide. For every sack made during the 2024-25 NFL regular season, Chunky will donate 1,000 meals to Feeding America, up to 2 million meals. New York Giants Defensive Lineman Dexter Lawrence leads as the national spokesperson, joined by players from nine other NFL teams.
The program expands from a regional to a league-wide initiative, with fans able to track progress via a national sack counter. Chunky has also partnered with Homage for a charity t-shirt, with 20% of net sales supporting Feeding America. Since its 2021 inception, Chunky Sacks Hunger has provided over 5 million meals to address food insecurity in the U.S.
Campbell Soup Company (NASDAQ:CPB) reported its Q4 and full-year fiscal 2024 results, showing mixed performance. Q4 net sales increased 11% to $2.3 billion, driven by the Sovos Brands acquisition, while organic net sales decreased 1%. Q4 adjusted EPS rose 26% to $0.63. For the full year, net sales increased 3% to $9.6 billion, with organic net sales down 1%. Full-year adjusted EPS grew 3% to $3.08.
The company provided fiscal 2025 guidance, projecting net sales growth of 9-11% and organic net sales growth of 0-2%. Adjusted EBIT is expected to grow 9-11%, while adjusted EPS is forecast to increase 1-4% to $3.12-$3.22. The guidance includes the impact of the recent Pop Secret divestiture and reflects ongoing consumer recovery challenges.
Campbell Soup Company (NASDAQ:CPB) reported its fourth-quarter and full-year fiscal 2024 results, with notable highlights:
- Q4 net sales increased 11% to $2.3 billion, driven by the Sovos Brands acquisition
- Full-year net sales increased 3% to $9.6 billion
- Q4 adjusted EPS increased 26% to $0.63
- Full-year adjusted EPS increased 3% to $3.08
The company also provided fiscal 2025 guidance:
- Net sales growth of 9% to 11%
- Organic net sales growth of 0% to 2%
- Adjusted EBIT growth of 9% to 11%
- Adjusted EPS growth of 1% to 4% ($3.12 to $3.22)
Campbell's CEO Mark Clouse highlighted the company's solid performance, strategic progress, and confidence in future growth prospects.
Campbell Soup Company (NASDAQ:CPB) has sold its Pop Secret popcorn business to Our Home, an independent better-for-you snack company. The financial terms were not disclosed. Pop Secret generated net sales of approximately $120 million in fiscal 2024. This transaction is expected to dilute Campbell's fiscal 2025 earnings per share by about $0.04, due to a transition service agreement and cost actions.
Chris Foley, Executive Vice President and President of Campbell's Snacks, stated that this sale is part of their strategy to focus the Snacks portfolio, aiming to drive greater focus and accelerated growth across the Snacks division and portfolio of leading brands. BofA Securities acted as the exclusive financial advisor, while Blank Rome served as legal advisor to Campbell's for this transaction.
Campbell Soup Company (NYSE:CPB) has announced it will report its fourth-quarter and full-year fiscal 2024 financial results on August 29, 2024. The company will host an investor conference call and webcast at 8:00 a.m. ET, led by CEO Mark Clouse and CFO Carrie Anderson. The earnings press release will be distributed before the call. Campbell also confirmed its planned stock exchange listing transfer to Nasdaq Global Select Market on August 19, 2024. Additionally, the company will host an Investor Day on September 10, 2024 at the Nasdaq MarketSite in New York City, where executives will discuss Campbell's long-term strategy and financial outlook.
Campbell Soup Company (NYSE:CPB) has announced its decision to transfer its stock exchange listing from the New York Stock Exchange (NYSE) to the Nasdaq Global Select Market (Nasdaq) on Aug. 16, 2024. The company will continue to trade under the ticker symbol "CPB" with trading on Nasdaq expected to begin on Aug. 19, 2024. This move is anticipated to provide Campbell with Nasdaq index inclusion opportunities and certain cost savings.
Additionally, Campbell has scheduled its Fiscal 2025 Investor Day for Sept. 10, 2024, to be held at the Nasdaq MarketSite in New York City. During this event, the company's executive leadership team will discuss Campbell's long-term strategy and financial outlook. While in-person attendance is by invitation only, a live webcast will be available for all interested parties.
Campbell Soup Company (NYSE: CPB) has appointed Jill Pratt as Senior Vice President, Chief Marketing Officer of its Meals & Beverages division, effective July 29, 2024. Pratt will lead the U.S. Consumer Experience team, focusing on driving profitable growth, relevance, and modernization of Campbell's iconic brand portfolio. She will join the Campbell Leadership Team, reporting to Mick Beekhuizen, Executive Vice President and President, Meals & Beverages.
Pratt brings extensive experience in consumer packaged goods, having previously served as the global Chief Marketing Officer at McCormick & Company and held marketing roles at Procter & Gamble. She succeeds Linda Lee, who is leaving the organization after five years of modernizing Campbell's brands and fueling business growth.
Kimberly-Clark (NYSE: KMB) has appointed Craig Slavtcheff as Chief Research and Development Officer, effective July 29, succeeding Robert Long, who is retiring after 45 years in the CPG industry. Slavtcheff brings over 30 years of R&D experience, most recently serving as Executive VP, Chief R&D and Innovation Officer at Campbell Soup Company. He has been named as an inventor on more than 70 U.S. and global patents.
Slavtcheff will lead an R&D team focused on proprietary innovation to build differentiated consumer preference and brand equity. The company aims to leverage science as a competitive advantage and increase investment in category-shaping technology to enhance consumer products in areas such as absorbency, comfort, skin health, and sustainable solutions.
Campbell Soup Company (NYSE:CPB) reported its third-quarter fiscal 2024 results, highlighting a 6% increase in net sales to $2.4 billion due to the Sovos Brands acquisition. EBIT was $248 million; adjusted EBIT rose 13% to $354 million. EPS was $0.44; adjusted EPS increased by 10% to $0.75. Year-to-date net sales were $7.3 billion, up 1%, with adjusted EBIT flat at $1.1 billion. The acquisition drove $3 million in synergies, contributing to a gross profit increase to $732 million. Marketing expenses rose 6% to $206 million. Administrative expenses surged 25% to $208 million. Cash flow from operations was $897 million, down from $918 million. The company updated its full-year guidance, expecting net sales growth of 3-4% and adjusted EPS growth of 2-3%, with continued integration benefits from Sovos Brands.
Campbell Soup Company (NYSE: CPB) announced that its President and CEO, Mark Clouse, along with CFO Carrie Anderson, will participate in a virtual fireside chat at the 4th Annual Evercore ISI Consumer & Retail Conference.
The event is scheduled for Thursday, June 13, 2024, at 3:30 p.m. EDT. The discussion will be available via a listen-only live webcast accessible through the company's investor relations website. A replay will also be accessible after the event.