The Campbell's Company Stock Price, News & Analysis

Campbell Soup Company (NYSE: CPB) announced that President and CEO Mark Clouse and CFO Carrie Anderson will participate in a fireside chat at the BofA Securities 2023 Consumer and Retail Conference on March 14, 2023, at 1:00 p.m. EST. The discussion will be available through a live webcast, which can be accessed here. A replay will be available for one year following the event at this link.

Founded in 1869, Campbell has generated fiscal 2022 net sales of $8.6 billion and is renowned for brands such as Campbell’s, Goldfish, and Pepperidge Farm.

The Board of Directors of Campbell Soup Company (NYSE:CPB) has declared a quarterly dividend of $0.37 per share. This dividend is set to be paid on May 1, 2023, to shareholders on record as of the close of business on April 6, 2023. Campbell Soup Company, based in Camden, N.J., reported net sales of $8.6 billion in fiscal 2022. The company operates iconic brands like Campbell's, Pepperidge Farm, and V8, and emphasizes sustainability and community contributions.

Campbell Soup Company (NYSE: CPB) will report its second-quarter fiscal 2023 financial results on March 8, 2023. Mark Clouse, President and CEO, along with other executives, will host an investor conference call at 8:00 a.m. ET to discuss the results. The earnings press release will be available before the call. Interested parties can access the webcast at investor.campbellsoupcompany.com/events-presentations/. A transcript and replay will be posted on the company’s website shortly after the event.

Campbell Soup Company (NYSE:CPB) announced the appointment of Carrie L. Anderson as Executive Vice President and Chief Financial Officer, effective February 6. Anderson will oversee the finance function including controllership, corporate financial planning, and analysis, among other areas. She succeeds Mick Beekhuizen, who transitioned to President of the Meals & Beverages division. Anderson joins from Integra LifeSciences where she served as CFO since 2019. With a background in diverse industries and a strong financial acumen, her leadership is expected to enhance Campbell's growth and performance.

Campbell's introduces its spiciest offering yet, the Chunky Ghost Pepper Chicken Noodle Soup, launching on January 27, 2023. Only the first 500 customers who sign a humorous waiver will get to experience this fiery soup, which is thirteen times hotter than its Spicy Chicken Noodle counterpart. Each purchase includes a 'cool off kit' with a cooling towel, a fan, and more. This new product aims to capitalize on the growing demand for spicier options in Campbell's lineup, which includes various spicy flavors introduced in 2022. The initiative reflects consumer interest in bold flavors and aligns with Campbell's tradition of innovative food experiences.

Campbell Soup Company (NYSE: CPB) plans to consolidate its Snacks offices from Charlotte, N.C., and Norwalk, Conn., into its Camden, N.J. headquarters. This transition will involve an investment of approximately $50 million over three years to enhance facilities and accommodate over 1,600 employees. The company anticipates annual cost savings of $10 million by fiscal year 2026, contributing to margin improvements in the Snacks division. No commercial roles will be eliminated, and eligible employees will receive relocation support. The move aims to foster a collaborative culture and modern work environment.

Campbell's Chunky, the official soup sponsor of the NFL, has launched the Chunky FuelUp Tournament in Fortnite Creative, enhancing engagement with the gaming audience during the NFL playoffs. The tournament features three football-themed challenges: Spicy Soup Sprint, Protein Power Course, and Hearty Hail Mary. It runs from January 12 to February 3, with participants competing for NFL prizes including signed merchandise and game tickets. The finale will be streamed live on February 8 on Nickmercs' Twitch channel.

Campbell Soup Company (CPB) announced a robust 15% increase in net sales, driven by inflation-related pricing and brand strength, leading to a reported EBIT rise of 16% to $436 million. Adjusted EPS also grew 15%, reaching $1.02. The company has raised its fiscal 2023 guidance, now projecting net sales growth of 7% to 9%, up from 4% to 6%. Despite a decrease in cash flow from operations, Campbell remains committed to shareholder value with ongoing stock repurchases and dividends. The company achieved $10 million in savings under its cost savings program and aims for $1 billion by fiscal 2025.

The Board of Directors of Campbell Soup Company (NYSE:CPB) has declared a quarterly dividend of $0.37 per share, payable on January 30, 2023. Shareholders of record by the close of business on January 5, 2023 will receive the dividend. Campbell generated nearly $8.6 billion in net sales during fiscal 2022, continuing its legacy of providing affordable food and beverages. The company is recognized as a member of the S&P 500 and various sustainability indices, reflecting its commitment to environmental stewardship.