Key Developments: Campbell Soup Co (CPB)

Latest Key Developments (Source: Significant Developments)

Campbell Soup Co Reaffirms FY 2013 Guidance
Friday, 15 Feb 2013 07:29am EST

Campbell Soup Co reaffirmed fiscal 2013 guidance and expects to grow sales between 10%-12%, adjusted EBIT between 4%-6% and adjusted EPS between 3%-5% and adjusted EPS to be between $2.51-$2.57. The Company reported sales of $7.7 Billion, EBIT of $1.2 billion in fiscal 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report sales of $8.51 billion and EPS of $2.54 for fiscal 2013. Full Article

Campbell Soup Co Amends Quarterly Dividend Record and Payment Dates; Announces Additional Dividend
Tuesday, 4 Dec 2012 11:49am EST

Campbell Soup Co announced that Board of Directors has approved an amendment to the record and payment dates of the Company's regular quarterly dividend. The quarterly dividend of $0.29 per share is payable on Dec. 28, 2012 to shareholders of record at the close of business on Dec. 14, 2012. The dividend was previously scheduled to be paid on Jan. 28, 2013 to shareholders of record at the close of business on Dec. 26, 2012. The Company's Board of Directors has declared an additional dividend on its capital stock of $0.29 per share. This dividend will also be paid on Dec. 28, 2012 to shareholders of record at the close of business on Dec. 14, 2012. The payment of this dividend is intended by the Board to be in lieu of the quarterly dividend that would have been paid in April 2013. Full Article

Campbell Soup Co Reaffirms FY 2013 Guidance
Tuesday, 20 Nov 2012 07:30am EST

Campbell Soup Co reaffirmed fiscal 2013 guidance and expects to grow sales between 10%-12%, adjusted EBIT between 4%-6% and adjusted EPS between 3%-5% and adjusted EPS to be between $2.51-$2.57. The Company reported sales of $7.7 Billion, EBIT of $1.2 billion in fiscal 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report sales of $8.54 billion and EPS of $2.54 for fiscal 2013. Full Article

Campbell Soup Co Declares Regular Quarterly Dividend
Wednesday, 14 Nov 2012 10:23am EST

Campbell Soup Co announced that the Board of Directors have declared a regular quarterly dividend on its capital stock of $0.29 per share. The quarterly dividend is payable on January 28, 2013 to shareowners of record at the close of business on December 26, 2012. Full Article

Campbell Soup Co Announces Quarterly Dividend
Monday, 24 Sep 2012 04:56pm EDT

Campbell Soup Co announced that the Company's Board of Directors declared a regular quarterly dividend on its capital stock of $0.29 per share. The quarterly dividend is payable October 29, 2012 to shareowners of record at the close of business on October 9, 2012. Full Article

Vilmorin & Cie SA Announces Acquisition of Vegetable Seeds Activities of Campbell Soup Co in the United States
Thursday, 20 Sep 2012 11:40am EDT

Vilmorin & Cie SA announced that it has acquired the tomato and pepper breeding and sales business of Campbell Soup Co. Based in Davis (California, United States), this business will be integrated into the HM.Clause Business Unit, which primarily comprises the companies Harris Moran (Modesto, California, United States) and Clause (Valence, France). Financial terms of the transaction were not disclosed. Full Article

Campbell Soup Co Issues FY 2013 Guidance Below Analysts' Estimates
Tuesday, 4 Sep 2012 07:30am EDT

Campbell Soup Co announced that for fiscal 2013, it expects to grow sales between 10%-12%, adjusted EBIT between 4%-6% and adjusted EPS between 3%-5% and adjusted EPS to be between $2.51-$2.57. In fiscal 2013, the Company expects Bolthouse Farms to contribute approximately $750 million to sales. Including the estimated impact of purchase accounting and the suspension of the Company's strategic share repurchase program, Campbell expects Bolthouse Farms to add $0.05 to $0.07 to fiscal 2013 adjusted EPS. The Company reported sales of $7.7 Billion, EBIT of $1.2 billion in fiscal 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report sales of $8.48 billion, EBIT of $1.31, and EPS of $2.52 for fiscal 2013. Full Article

Campbell Soup Company Completes Acquisition Of Bolthouse Farms
Monday, 6 Aug 2012 04:00pm EDT

Campbell Soup Company announced it has completed the acquisition of Bolthouse Farms from a fund managed by Madison Dearborn Partners, LLC, a private equity firm, for $1.55 billion in cash. Campbell funded the acquisition through a combination of short- and long-term borrowings. Campbell will operate Bolthouse as a separate business unit. Members of Bolthouse Farm’s senior management team will continue to lead the business, with Jeff Dunn, President, Bolthouse Farms, reporting directly to Morrison. Full Article

Campbell Soup Co Sees FY 2012 Revenue, EBIT Guidance To Be Near Low End Of Prior Range; Sees FY 2012 EPS Guidance To Be Upper End Of Prior Range; Comments On FY 2013 Guidance-Conference Call
Tuesday, 24 Jul 2012 01:00pm EDT

Campbell Soup Co reiterated fiscal 2012 guidance ranges for sales adjusted EBIT and adjusted EPS. The Company expects sales and adjusted EBIT number will be near the low end of their ranges, and that adjusted EPS will be near the upper end of its range. The estimate of $6 million in one-time cost associated with anticipated charges around the Bolthouse acquisition are not included in the guidance. The Company expects to return to growth in fiscal 2013 and sales, adjusted EBIT, and adjusted EPS excluding the acquisition impact. Full Article

Campbell Soup Company Reaffirms FY 2012 Guidance
Thursday, 12 Jul 2012 07:50am EDT

Campbell Soup Company announced that the acquisition of Bolthouse Farms was not contemplated in Campbell’s previous guidance concerning its projected financial results for fiscal 2012. The Company said that, excluding acquisition costs, it remains on track to deliver results consistent with that guidance, with fiscal 2012 sales growth expected to be near the low end of the previously forecast range of 0% to 2%; adjusted EBIT expected to decline at a level near the low end of the previously forecast range of 7% to 9%; and adjusted EPS expected to decline at a level near the upper end of the previously forecast range of 5% to 7%. The Company reported revenue of $7.719 billion and EBIT of $1.342 billion in fiscal 2011. Full Article

Campbell Soup Co News

Heinz deal prompts Campbell Soup to look closely at costs

BOCA RATON, Florida - The planned $23 billion acquisition of H.J. Heinz Co by Berkshire Hathaway Inc and 3G Capital is leading rival Campbell Soup Co to take a closer look at its own cost structure, the soup company's chief executive told Reuters on Wednesday.

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