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Campbell Soup Co (CPB.N)

CPB.N on New York Stock Exchange

45.97USD
20 Oct 2017
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$0.60 (+1.32%)
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Latest Key Developments (Source: Significant Developments)

Campbell provides update on pending acquisition of Pacific Foods
Wednesday, 27 Sep 2017 05:26pm EDT 

Sept 27 (Reuters) - Campbell Soup Co :Campbell provides update on pending acquisition of Pacific Foods.Campbell Soup Co - ‍notified Pacific Foods that company has 60 days under terms of merger agreement to resolve issues arising from AUg. 21 suit ​.Campbell Soup Co - ‍after 60-day period, Campbell has option to extend cure period or terminate merger agreement​.  Full Article

Campbell Soup expects "significantly weaker performance" in 1H 2018
Thursday, 31 Aug 2017 11:20am EDT 

Aug 31 (Reuters) - Campbell Soup Co :Campbell Soup CEO - "I am not happy with Campbell Fresh performance... We expect the unit to return to profitable growth in fiscal 2018".Campbell Soup CEO - expect ProteinPLUS drinks merchandising ramp up in Q1 2018.Campbell Soup CEO - expect ProteinPLUS drinks to return to profitable growth in 2018.Campbell Soup CEO - do not expect V8 vegetable juice business to return to growth in fiscal 2018.Campbell Soup CEO - expect additional headwinds in soup sales as "we are unable to reach an agreement with a large customer for a promotional program for soups" -conf call.Campbell Soup CEO - expects soup sales to decline in fiscal 2018 -conf call.Campbell Soup CEO - expects sales to decline in Americas Simple Meals and Beverage business in 2018 due to challenges in soup sales and V8 vegetable juices -conf call.Campbell Soup CFO - ended 2017 with savings of $325 million -conf call.Campbell Soup CFO - promotional spending was up in Americas Simple Meals and Beverages products in Canada -conf call.Campbell Soup CFO - in Campbell Fresh, experienced higher carrot costs and costs related to beverage supply constraints -conf call.Campbell Soup CFO - expect significantly weaker performance in the 1H and relatively better performance in 2H of fiscal 2018 -conf call.Campbell Soup CFO - expects an increase in rate of cost inflation and face an incentive compensation headwind representing 2 percent points of EBIT in 2018 -conf call.  Full Article

Campbell Soup reports Q4 adjusted earnings per share of $0.52
Thursday, 31 Aug 2017 07:15am EDT 

Aug 31 (Reuters) - Campbell Soup Co :Campbell reports fourth-quarter and full-year results.Q4 adjusted earnings per share $0.52.Q4 earnings per share $1.04.Q4 sales $1.664 billion versus I/B/E/S view $1.69 billion.Q4 earnings per share view $0.55 -- Thomson Reuters I/B/E/S.Sees expects 2018 sales to change by -2 to 0 percent.Looking ahead to fiscal 2018, co expects operating environment to remain difficult.Sees 2018 adjusted earnings before interest and taxes (EBIT) to change by -1 to 1 percent.Sees 2018 adjusted EPS to change by 0 to 2 percent, or $3.04 to $3.11 per share.Campbell Soup Co - ‍in Q4, Global Biscuits And Snacks was soft on top line but generated a solid double-digit earnings increase versus year-ago quarter​.Campbell Soup - ‍in quarter, while Campbell fresh sales increased slightly, bottom line was disappointing, expect to return to profitable growth going forward​.Campbell Soup Co - qtrly ‍sales of U.S. Soup decreased 4 percent driven by declines in condensed soups, broth and ready-to-serve soups​.Campbell Soup Co - ‍Americas Simple Meals And Beverages sales in quarter decreased 3 percent to $815 million​.FY2018 earnings per share view $3.19, revenue view $8.01 billion -- Thomson Reuters I/B/E/S.Campbell Soup Co - ‍in fiscal 2017, increased successful multi-year cost savings initiative to $450 million by end of fiscal 2020​.  Full Article

Campbell takes actions to reshape portfolio toward faster-growing spaces outlines fiscal 2018 priorities
Wednesday, 19 Jul 2017 03:30pm EDT 

July 19 (Reuters) - Campbell Soup Co :Campbell takes actions to reshape portfolio toward faster-growing spaces; outlines fiscal 2018 priorities.Campbell Soup Co - ‍Expects to convert to chicken with no antibiotics for all soups in its portfolio by end of calendar year​.Campbell Soup Co - ‍Campbell anticipates adding about $200 million in sales across its three divisions over next five years​.Campbell Soup Co - Has a goal of generating $300 million in e-commerce sales over next five years.Campbell Soup Co - ‍Plans to complete transition of all soups in U.S. and canada to non-bpa lined cans "for upcoming soup season​".  Full Article

Campbell reaffirms its full-year guidance for fiscal 2017
Wednesday, 19 Jul 2017 07:30am EDT 

July 19 (Reuters) - Campbell Soup Co :Campbell to provide update on growth strategies and outline key initiatives for fiscal 2018.Campbell Soup Co - ‍Campbell reaffirmed its previous full-year guidance for fiscal 2017​.Campbell reaffirmed its previous full-year guidance for fiscal 2017,.Campbell Soup - ‍expects to reach about $310 million in annual cost savings by end of fiscal 2017​.Campbell Soup - continues to expect current cost savings initiatives to deliver $450 million, or about 6 percent of sales by end of fiscal 2020​.Campbell Soup - ‍reiterated its long-term targets for organic sales and earnings​.Campbell - Expects adjusted gross margin of about 38 percent for FY 2017, expects to generate about $1.25 billion in cash flow from operations in fiscal 2017​.  Full Article

Campbell Soup says to pay Pacific Foods fee of $50 mln, in case of termination of merger deal
Thursday, 6 Jul 2017 04:53pm EDT 

July 6 (Reuters) - Campbell Soup Co :Campbell Soup says in case of termination of merger deal, it will be required to pay pacific foods a fee of $50 million - sec filing.Campbell Soup - termination fee may be increased by up to an additional $20 million, at Campbell's option, under specified circumstances.  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 reports Q3 earnings per share $0.58
Friday, 19 May 2017 07:15am EDT 

May 19 (Reuters) - Campbell Soup Co :Campbell reports third-quarter results.Q3 adjusted earnings per share $0.59.Q3 earnings per share $0.58.Q3 sales $1.853 billion versus I/B/E/S view $1.87 billion.Q3 earnings per share view $0.64 -- Thomson Reuters I/B/E/S.Campbell Soup Co says Campbell revises fiscal 2017 guidance.Campbell Soup Co - now expects fiscal 2017 sales to change by -1 to 0 percent (previously 0 to 1 percent).Campbell Soup Co qtrly americas simple meals and beverages sales in quarter decreased 2 percent to $982 million driven by declines in soup and v8 beverages.Campbell Soup -"this was a challenging quarter across food industry as top-line growth remained scarce, especially in center store categories".Campbell Soup Co says lowered 2017 sales outlook by one percentage point to a range of -1 to 0 percent.Campbell Soup Co -q3 net sales and organic sales decreased 1 percent.Campbell Soup Co sees 2017 adjusted eps to increase by 3 to 5 percent (previously 2 to 5 percent), or $3.04 to $3.09 per share.Campbell Soup -"industry, including campbell, experienced significant consumption declines early in calendar year".Campbell Soup Co qtrly sales of u.s. Soup decreased 4 percent driven by declines in condensed soups and broth.Campbell Soup Co - "this was a challenging quarter across food industry as top-line growth remained scarce, especially in center store categories".  Full Article

Campbell announces $1.5 bln share repurchase program
Wednesday, 22 Mar 2017 05:33pm EDT 

Campbell Soup Co : Campbell announces $1.5 billion share repurchase program; declares quarterly dividend . Campbell Soup Co says new share repurchase program will replace June 2011 authorization of $1 billion . Campbell Soup Co - Program is effective as of May 1, 2017, and has no expiration date, but it may be suspended or discontinued at any time .Campbell Soup Co says declared a regular quarterly dividend on Campbell's capital stock of $0.35 per share.  Full Article

Campbell Soup says it does not expect its C-Fresh unit to grow for the rest of the fiscal year
Friday, 17 Feb 2017 11:39am EST 

Campbell Soup Co : Campbell Soup Co - Do not expect the C-Fresh business to grow for the rest of the fiscal year -conf call . Campbell Soup Co - Don't expect beverage business to return to growth until Q4, 2017 - conf call . Campbell Soup Co - Plans to relaunch protein plus merchandising in Q4 fiscal 2017 - conf call Further company coverage: [CPB.N] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

BRIEF-Campbell appoints Francisco Fraga chief technology and information officer

* Campbell appoints Francisco Fraga chief technology and information officer