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Campbell Soup Co (CPB.N)

CPB.N on New York Stock Exchange

57.44USD
24 Mar 2017
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Latest Key Developments (Source: Significant Developments)

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

Campbell Soup Q2 adjusted EPS 91 cents
Friday, 17 Feb 2017 07:35am EST 

Campbell Soup Co : Campbell reports second-quarter results . Q2 adjusted earnings per share $0.91 . Q2 earnings per share $0.33 . Q2 earnings per share view $0.88 -- Thomson Reuters I/B/E/S . Q2 sales $2.171 billion versus i/b/e/s view $2.22 billion . Campbell Soup Co - reaffirms fiscal 2017 guidance . Campbell Soup Co - campbell increases cost savings program target from $300 million by fiscal 2018 to $450 million by fiscal 2020 . Campbell Soup Co - "i am not satisfied with our sales performance this quarter" . Fy2017 earnings per share view $3.08, revenue view $8.00 billion -- Thomson Reuters I/B/E/S . Campbell Soup Co - "we continued to over-deliver on our cost savings initiative, and now expect to achieve our target a year ahead of schedule" . Campbell Soup Co - unallocated corporate expenses for quarter were $241 million compared to $29 million in prior year . Campbell Soup Co - sales in quarter for americas simple meals and beverages were comparable to prior year at $1.231 billion . Campbell Soup Co - "we no longer expect c-fresh to grow this fiscal year" . Campbell Soup Co qtrly sales of u.s. Soup increased 1 percent . Campbell Soup Co - current-year quarter included pre-tax non-cash impairment charges of $212 million related to campbell fresh segment.  Full Article

Campbell Soup Co's certain units entered into a five-year credit agreement
Monday, 12 Dec 2016 05:24pm EST 

Campbell Soup Co : Says credit agreement will be used to support company's commercial paper program . Campbell Soup Co- company may increase credit facility commitments up to an additional $500 million- sec filing . Campbell Soup Co- on december 9, 2016, co, certan units entered into a five-year credit agreement .Campbell Soup- under agreement,lenders provided co with unsecured,senior revolving credit facility of up to $1.85 billion with maturity date of dec 9,2021.  Full Article

Campbell Soup reports Q1 earnings per share of $0.94
Tuesday, 22 Nov 2016 07:15am EST 

Campbell Soup Co : Campbell Soup Co - Campbell reaffirms fiscal 2017 guidance . Campbell Soup Co - qtrly sales for Americas simple meals and beverages were comparable to prior year at $1.297 billion . Campbell Soup Co - qtrly U.S. soup were comparable to prior year with gains in ready-to-serve soups, broth offset by modest declines in condensed soups . Campbell Soup Co - Campbell fresh continues to rebuild capacity for bolthouse farms protein plus drinks following a voluntary recall last quarter . FY2017 earnings per share view $3.04 -- Thomson Reuters I/B/E/S . Campbell reports first-quarter results . Q1 earnings per share $0.94 . Q1 sales $2.202 billion versus I/B/E/S view $2.2 billion . Q1 adjusted earnings per share $1.00 .Q1 earnings per share view $0.95 -- Thomson Reuters I/B/E/S.  Full Article

Campbell Soup says sets regular quarterly dividend of $0.35/shr
Thursday, 17 Nov 2016 07:55am EST 

Campbell Soup Co :Sets regular quarterly dividend of $0.35 per share.  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

More From Around the Web

BRIEF-Campbell Soup board elects Fabiola Arredondo as director

* With Arredondo's election, Campbell's board of directors will consist of 13 members Source text for Eikon: Further company coverage: