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Campbell Soup Co (CPB.N)

CPB.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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

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

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LONDON Private equity fund CVC Capital Partners has picked advisers to sell its food firm Continental Foods in a deal that could be worth more than 1 billion euros ($1.12 billion), sources familiar with the matter told Reuters on Monday.