$CPB (Campbell Soup Company)

$CPB {{ '2015-06-29T21:15:38+0000' | timeago}} • Announcement

$CPB Acquisition Update: Campbell Soup Company announced it has completed the acquisition of the assets and business of Garden Fresh Gourmet for $231MM. Garden Fresh Gourmet is the No. 1 branded refrigerated salsa in the US and also makes hummus, dips and tortilla chips.

$CPB {{ '2017-12-18T13:49:56+0000' | timeago}} • Announcement

Branded food company $CPB has signed an agreement to acquire $LNCE for $50 per share in an all-cash transaction, significantly expanding its snacking division. The transaction is anticipated to close in early 2018, and is expected to be accretive to non-GAAP EPS in fiscal 2019. Campbell plans to finance the transaction through $6.2Bil of debt.

$CPB {{ '2017-12-12T22:09:28+0000' | timeago}} • Announcement

$CPB completed the acquisition of Pacific Foods of Oregon for $700MM in cash. $CPB expects the acquisition to be approx. $0.05 per share dilutive to its FY18 earnings. $CPB expects that Pacific Foods will contribute approx. $100MM in net sales in FY18. $CPB named Joe Folds as VP and General Manager, Pacific Foods.

$CPB {{ '2017-11-24T12:32:08+0000' | timeago}} • Webcast

$CPB said its soup sales in 1Q18 were hurt by severe weather conditions, which delayed carrot harvest in California. The company, which also owns Bolthouse Farms beverage company, added that the production delays led to an unanticipated increase in supply-chain costs during the quarter.

$CPB {{ '2017-11-24T12:19:02+0000' | timeago}} • Webcast

$CPB said it expects to see weaker performance in 2Q18, as a result of the unexpected costs incurred in 1Q18. The soup-maker added that it anticipates its performance to pick up by 2H18.

$CPB {{ '2017-11-21T14:41:36+0000' | timeago}} • Infographic

$CPB Campbell Soup Company Earnings AlphaGraphic: Q1 2018 Highlights

$CPB {{ '2017-11-21T12:51:20+0000' | timeago}} • Announcement

For FY17, $CPB expects fall in net sales to be 0-2%. Campbell has lowered its earnings outlook also, and now expects adjusted EBIT to decline by 2-4%. Adjusted EPS is expected to fall 1-3% to $2.95 to $3.02 per share.

$CPB {{ '2017-11-21T12:43:42+0000' | timeago}} • Announcement

Soup company $CPB reported 2% decline in net and organic sales to $2.16Bil in 1Q18. Net income fell to $275MM, or $0.91 per share, compared to $292MM, or $0.94 per share a year ago, partly due to higher raw material and transportation costs. Adjusted for special items, net earnings fell 8% to $0.92 per share during the quarter.

$CPB {{ '2017-11-16T17:29:38+0000' | timeago}} • Announcement

$CPB's BoD declared a regular quarterly dividend on its capital stock of $0.35 per share. The dividend is payable on Jan. 29, 2018 to shareholders of record at the close of business on Jan 10, 2018.

$CPB {{ '2017-10-09T21:48:54+0000' | timeago}} • Announcement

$CPB appointed Francisco Fraga as VP and Chief Technology and Information Officer. In this role, Fraga will oversee Global Information Technology. Fraga reports to Bethmara Kessler, SVP, Integrated Global Services.

$CPB {{ '2017-10-05T15:34:09+0000' | timeago}} • Announcement

$CPB has collaborated with $DIS and Lucasfilm to launch a new series of Star Wars themed soup labels. To celebrate the alliance, $CPB has also announced a surprise for New York Comic-Con attendees and residents to celebrate the upcoming release of Star Wars: The Last Jedi.

$CPB {{ '2017-09-27T22:18:08+0000' | timeago}} • Announcement

$CPB agreed to acquire Pacific Foods of Oregon in July. On Aug. 21, 2017, the estate of a former Pacific Foods shareholder, Edward C. Lynch, filed a lawsuit against Pacific Foods seeking more than $250MM in damages. This lawsuit creates an impediment to closing the deal. $CPB has given Pacific Foods 60 days to resolve this issue.

$CPB {{ '2017-09-27T21:28:53+0000' | timeago}} • Announcement

$CPB declared a regular quarterly dividend on its capital stock of $0.35 per share, payable Oct. 30, 2017, to shareholders of record on Oct. 13, 2017.

$CPB {{ '2017-08-31T19:38:22+0000' | timeago}} • Webcast

$CPB does not expect the V8 business to return to growth in FY18. The company also expects its US soup sales to decline in FY18.

$CPB {{ '2017-08-31T15:22:55+0000' | timeago}} • Infographic

$CPB Campbell Soup Co. Earnings AlphaGraphics: Q4 2017 highlights

$CPB {{ '2017-08-31T11:34:22+0000' | timeago}} • Announcement

For FY18, $CPB expects sales to change by -2% to 0%, adjusted earnings before interest and taxes (EBIT) to change by -1% to 1%, and adjusted EPS to change by 0-2% or $3.04-3.11 per share.

$CPB {{ '2017-08-31T11:33:18+0000' | timeago}} • Announcement

“In fiscal 2017, we have made progress in several key areas, including increasing our successful multi-year cost savings initiative to $450 million by the end of fiscal 2020," said CEO Denise Morrison, as $CPB posted 4Q17 results.

$CPB {{ '2017-08-31T11:32:14+0000' | timeago}} • Announcement

Even as 4Q17 net sales and organic sales fell 1%, $CPB returned to a net profit of $318MM or $1.04 per share from last year's loss of $81MM or $0.26 per share. Adjusted EPS jumped 13% to $0.52.

$CPB {{ '2017-07-20T11:51:49+0000' | timeago}} • Announcement

$CPB appointed Shakeel Farooque as new VP and Head of Digital and E-Commerce. $CPB plans to accelerate its digital and e-Commerce capabilities by forming an e-Commerce unit representing all three Campbell divisions in North America, which Farooque will lead. $CPB has a goal of generating $300MM in e-Commerce sales over the next five years.

$CPB {{ '2017-07-19T20:53:15+0000' | timeago}} • Announcement

$CPB appointed Shakeel Farooque to newly created role of VP and Head of Digital and E-Commerce. $CPB plans to accelerate its digital and e-Commerce capabilities by forming an e-Commerce unit representing all three Campbell divisions in North Americawhich Farooque will lead. $CPB has goal of generating $300MM in e-Commerce sales over next 5 years.

$CPB {{ '2017-07-19T19:58:07+0000' | timeago}} • Announcement

$CPB outlined the Global Biscuits and Snacks division's growth plans in FY18 to expand the division's footprint: drive the snacking portfolio in U.S. Biscuit and Bakery and Australia; and pursue expansion in developing markets.

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