United States

Campbell Soup Co (CPB.N)

CPB.N on New York Stock Exchange

25 Sep 2017
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$1.45 (+3.21%)
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Latest Key Developments (Source: Significant Developments)

Campbell Soup files for potential debt offering
Monday, 10 Jul 2017 04:58pm EDT 

July 10 (Reuters) - Campbell Soup Co ::Campbell soup co files for potential debt offering; size not disclosed - sec filing.  Full Article

Campbell to acquire Pacific Foods for ‍$700 mln in cash​
Thursday, 6 Jul 2017 04:30pm EDT 

July 6 (Reuters) - Campbell Soup Co ::Campbell to acquire Pacific Foods to expand in faster-growing health and well-being categories.Campbell to acquire Pacific Foods to expand in faster-growing health and well-being categories.Campbell Soup Co - deal for ‍$700 million in cash​.Campbell Soup Co - plans to fund acquisition through a combination of short- and long-term debt.Pacific foods will become part of Campbell's Americas simple meals and beverages division.Campbell soup - deal to be neutral to earnings in first 12 months following closing, excluding certain items.Campbell plans to continue to operate pacific foods out of tualatin.Campbell soup co - acquisition is not subject to any financing condition..  Full Article

Campbell Soup Company makes strategic investment in Chef'd
Wednesday, 24 May 2017 08:30am EDT 

May 24 (Reuters) - Campbell Soup Co : :Campbell Soup Company makes strategic investment in Chef'd.Campbell soup co - announced a strategic partnership and investment of $10 million in Chef'd.Campbell Soup Co - with investment, Campbell will become Chef'd's largest strategic investor and will receive a seat on company's board of directors.Campbell Soup Co - Chef'd will help with infrastructure and distribution of meal solutions through Campbell's kitchen site.  Full Article

Campbell Soup CEO says made changes to Campbell Fresh management
Thursday, 1 Sep 2016 09:55am EDT 

Campbell Soup Co : CEO on conf call- Bolthouse Farms Protein Plus drinks accounts for about 15% of Bolthouse business . CEO - made major organizational changes under Campbell Fresh, several senior mangers no longer with co, including president of Bolthouse . CEO - our examination into recall identified our manufacturing equipment and process as primary cause of spoilage . CEO - Protein Plus production hasn't returned to pre-recall levels due to new operating procedures put in place . CEO - expect supply of Bolthouse Protein Plus will be impacted through end of calendar year 2016 . CEO - farms operation harvested carrots prematurely, resulting in smaller carrots which led to customer dissatisfaction , loss of business . Will take time to regain lost carrot business, now expect FY2017 carrot sales to be comparable to 2016 rather than benefiting from recovery from last year's issues . Expect Campbell Fresh sales to be down in 1st half of fy2017 . Expect soup business to grow in fy2017 . Have bolstered Campbell Fresh leadership team by adding more senior finance, human resources and sales executives . Have strengthened integration and oversight of the Campbell Fresh supply chain Further company coverage: [CPB.N] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

Campbell Soup posts Q4 adj. earnings per share $0.46
Thursday, 1 Sep 2016 07:15am EDT 

Campbell : Reports Fourth Quarter and full-year results and increases quarterly dividend . Q4 adjusted earnings per share $0.46 . Q4 loss per share $0.26 . Q4 earnings per share view $0.50 -- Thomson Reuters I/B/E/S . Sets quarterly dividend of $0.35 per share . Approved an increase in its quarterly dividend from $0.312 per share to $0.35 per share, an increase of 12 percent . Campbell expects 2017 sales to increase by 0 to 1 percent, adjusted EBIT to increase by 1 to 4 percent . Sees 2017 adjusted EPS to increase by 2 to 5 percent, or $3.00 to $3.09 per share . Campbell Soup Co says Americas simple meals and beverages sales in quarter were comparable to prior year at $842 million . Qtrly U.S. soup sales decreased 2 percent . FY2017 earnings per share view $3.14, revenue view $8.05 billion -- Thomson Reuters I/B/E/S . Qtrly net sales $1,687 million versus $1,693 million .Q4 revenue view $1.69 billion -- Thomson Reuters I/B/E/S.  Full Article

Campbell Soup lowers its outlook for FY net sales
Wednesday, 20 Jul 2016 03:26pm EDT 

Campbell Soup Co : Revises fiscal 2016 full-year sales guidance and outlines factors impacting fiscal 2017 . Campbell lowered its outlook for net sales for FY . Continues to expect 2016 adjusted EBIT to grow 11 to 13 percent and adjusted EPS to grow 11 to 13 percent, or $2.93 to $3.00 per share . Continues to expect its current cost savings initiatives to deliver $300 million in annual savings by fiscal 2018 . Expects to generate approximately $1.3 billion in cash flow from operations in fiscal 2016 . Now expects FY net sales to decline by 2 percent to 1 percent compared to previous range of 1 percent to 0 percent . Reiterated its long-term targets for organic sales and earnings . 2016 sales guidance includes 1-point benefit from deal with Garden Fresh Gourmet and a 2-point negative impact from currency translation . Plans to build e-commerce capabilities in China to extend Kjeldsens brand, to launch Tim Tam biscuits, Goldfish snack crackers . To use only antibiotic-free chicken in its products, a shift that will be implemented over next few years . Revised 2016 net sales guidance reflects impact of recent recall of Bolthouse Farms protein drinks and related production outage . Anticipates increased strategic share repurchases, unless cash is needed to help fund future external development . Expects to deliver incremental savings of approximately $50 million in fiscal 2017.  Full Article

Campbell Soup urges Congress to enact national mandatory GMO labeling legislation
Tuesday, 5 Jul 2016 04:30pm EDT 

Campbell Soup Co : Campbell urges congress to enact national mandatory gmo labeling legislation ."remains committed to printing clear and simple language on labels of all of its u.s. products".  Full Article

Campbell Soup sets regular qtrly dividend $0.312 per share
Wednesday, 22 Jun 2016 05:12pm EDT 

Campbell Soup Co :Sets regular quarterly dividend of $0.312per share.  Full Article

Campbell Soup Q3 earnings per share $0.59
Friday, 20 May 2016 07:21am EDT 

Campbell Soup Co : Raises adjusted eps guidance range, now expects adjusted eps growth of +11 to +13 percent, or $2.93 to $3.00 per share . Campbell soup co qtrly organic sales decreased 2 percent . "we expect organic sales to grow in q4 and next fiscal year" . 2016 adjusted earnings per share guidance includes estimated 2 percent-point negative impact from currency translation, impact of garden fresh gourmet deal . Qtrly americas simple meals and beverages sales decreased 3 percent in quarter to $999 million . Qtrly u.s. Soup sales decreased 5 percent . Current quarter included $54 million of charges related to a pension benefit mark-to-market adjustment . Current quarter included $13 million of charges related to implementation of new organizational structure and cost savings initiatives . Current quarter also included a $25 million gain from settlement of a claim related to kelsen acquisition . Sees 2016 adjusted ebit up 11% to 13% . Reports Third-Quarter results . Q3 adjusted earnings per share $0.65 . Q3 earnings per share $0.59 . Q3 sales $1.87 billion versus i/b/e/s view $1.91 billion .Q3 earnings per share view $0.64 -- Thomson Reuters I/B/E/S.  Full Article

Campbell Soup Co declares quarterly dividend
Wednesday, 23 Mar 2016 05:37pm EDT 

Campbell Soup Co:Declared a regular quarterly dividend on Campbell's capital stock of $0.312 per share.Dividend is payable May 2 to shareholders of record date as on April 11.  Full Article

US STOCKS-Wall St gains after Mnuchin's remarks on tax reform

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