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Campbell Soup Co (CPB)

CPB on New York Consolidated

57.63USD
2 Dec 2016
Change (% chg)

$0.48 (+0.84%)
Prev Close
$57.15
Open
$57.39
Day's High
$58.20
Day's Low
$57.15
Volume
3,420,496
Avg. Vol
2,049,425
52-wk High
$67.89
52-wk Low
$50.54

Latest Key Developments (Source: Significant Developments)

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

Campbell Soup Co raises FY 2016 EBIT and EPS guidance; lowers FY 2016 sales guidance
Tuesday, 24 Nov 2015 07:15am EST 

Campbell Soup Co:Raised FY 2016 guidance for adjusted EBIT and EPS, while the company lowered sales guidance to reflect increased currency headwinds.Says FY 2016 sales are now expected to change by -1 to 0 percent (previously 0 to +1 percent), adjusted EBIT to grow by 4 to 7 percent (previously 3 to 5 percent) and adjusted EPS to grow by 4 to 7 percent (previously 3 to 5 percent), or $2.75 to $2.83 per share.  Full Article

Campbell Soup Co declares quarterly dividend
Thursday, 19 Nov 2015 09:04am EST 

Campbell Soup Co:Declared a regular quarterly dividend on Campbell's capital stock of $0.312 per share.Payable Feb. 1, 2016, to shareholders of record date as on Jan. 11, 2016.  Full Article

Campbell Soup Co says voluntarily recalling 14.2 ounce cans of Spaghettios Original
Thursday, 12 Nov 2015 06:19pm EST 

Campbell Soup Co:Voluntarily recalling 14.2 ounce cans of Spaghettios Original due to potential choking Hazard posed by red plastic pieces in some cans.  Full Article

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Campbell Soup's profit beats on lower costs

Campbell Soup Co , the world's largest soupmaker, reported a better-than-expected quarterly profit as the company kept a lid on costs, sending its shares up more than 5 percent on Tuesday.