Welcome to our dedicated page for The Campbell's news (Ticker: CPB), a resource for investors and traders seeking the latest updates and insights on The Campbell's stock.
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 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.
Campbell Soup Company (NYSE: CPB) announced a $230 million investment to optimize its supply chain, aiming to drive growth, improve returns, and enhance efficiency. The plan includes closing the Tualatin, Oregon plant by July 2026, impacting 330 employees, and reducing the size of the Jeffersonville, Indiana plant, affecting 85 employees. Production will shift to other modern facilities and co-manufacturing partners. Campbell is investing in new projects across various locations, including $150 million in Maxton, North Carolina, and $72 million in Hanover, Pennsylvania, creating 210 new roles. These changes align with the company's strategy to build a more agile and cost-effective network.
Campbell Soup Company has launched a new line of Prego® Creamy Pesto Sauces, expanding the predominantly red sauce aisle with a flavorful and versatile option. The Creamy Pesto sauces blend the creaminess of Alfredo with the fresh taste of basil pesto, offering three varieties: Creamy Basil Pesto, Creamy Roasted Garlic Pesto, and Creamy Parmesan Pesto. Available nationwide, these sauces are designed to enhance a wide range of dishes beyond pasta, including vegetables, pizza, poultry, seafood, and sandwiches. Each variety is priced at $2.82 and aims to inspire new meal ideas while simplifying weeknight dinners.
Campbell Soup Company (NYSE:CPB) is set to release its third-quarter fiscal 2024 financial results on June 5, 2024. An earnings conference call will follow at 8:00 a.m. ET, with a live webcast accessible online. The press release on the results will be available before the call. Additionally, Campbell plans to host its Investor Day in mid-September 2024 in New York City, where the executive team will discuss the company's long-term strategy and financial outlook following the full-year fiscal 2024 results and fiscal 2025 guidance, which are scheduled for the end of August.
The Board of Directors of Campbell Soup Company (NYSE: CPB) has announced a regular quarterly dividend of $0.37 per share. This dividend will be paid on July 29, 2024, to shareholders who are on record by July 3, 2024.
Butterfly announced the separation of Bolthouse Farms into Bolthouse Fresh Foods and Generous Brands, accelerating value creation and growth. Bolthouse Fresh Foods focuses on fresh carrot production, selling 700 million pounds annually, while Generous Brands specializes in premium fresh beverages. The separation facilitated by separate debt recapitalizations enables each business to have purpose-built strategies and leadership teams for accelerated growth. Butterfly's strategic initiatives drove topline growth exceeding 30% and the acquisition of Evolution Fresh from Starbucks in August 2022. Industry veterans were appointed as CEOs for both entities to lead them into their distinct growth trajectories.
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